Non Socialist

 We would first like to quickly correct a small typo in our last alert. The third sentence in the eighth paragraph should have read, “It is amazing how absolutely nobody in the mainstream media is accusing Corzine of doing anything wrong, when $600 million in funds is still missing weeks after MF Global filed for bankruptcy.” We mistakenly used the word “excusing”, when we meant to say “accusing”.

 A major development took place today related to two of NIA’s stock suggestions, including our latest stock suggestion Mines Management Inc. (MGN).

 NIA’s previous stock suggestion Revett Minerals Inc. (RVM) today announced that it has received an affirmative decision from the United States Court of Appeals for the Ninth Circuit relating to the Endangered Species Act (ESA) appeal filed by the Rock Creek Alliance and other environmental groups. The Court affirmed “the Fish and Wildlife Service’s determination that the mine would entail “no adverse modification” to bull trout critical habitat and would result in “no jeopardy” to grizzly bears was not arbitrary, capricious, or in violation of the Endangered Species Act.”

NIA first suggested RVM on March 22nd, 2010, at $1.9975 per share. In our initial report about RVM, we told you in regards to their Rock Creek project that “if the judge issues a negative decision, we could see a short-term sell off in the stock.”

Just one week later on March 30th, 2010, RVM announced that “the Forest Service’s decision to approve the Rock Creek Mine Project is vacated, and the 2003 Record of Decision and 2001 Final Environmental Impact Statement are set aside and remanded to the Forest Service for further action consistent with the Court’s forthcoming opinion.”

On March 30th, 2010 after this negative news, RVM dipped to a low of $1.50 per share, but we told you “the odds are in RVM’s favor that the project will eventually proceed” and that RVM’s temporary decline in share price was a “blessing in disguise for NIA members.”

Today, after RVM’s very positive court ruling, which makes it likely that their Rock Creek project will proceed like NIA predicted, RVM gained 26% to $5.35 per share. RVM reached a high today of $5.90 for a gain of 195% from NIA’s suggestion price!

This news is also very significant for NIA’s brand new stock suggestion Mines Management Inc. (MGN). In fact, MGN started to rally after RVM’s announcement. MGN finished today up 11% to $2.13.

MGN’s Montanore Project is located right next to RVM’s Rock Creek project! If RVM is able to proceed with Rock Creek it makes it very likely that MGN will be able to proceed with their Montanore Project as well!

MGN’s Montanore Project has a resource base of more than 230 million ounces of silver and nearly 2 billion pounds of copper! MGN, to the best of our knowledge, has the lowest valuation per ounce out of all publicly traded silver exploration companies in the world today!

MGN has $21.98 million in cash and no debt. With only 28.74 million shares outstanding, MGN’s market cap at $2.13 is only $61.22 million. If you subtract MGN’s cash from its market cap, MGN has an enterprise value of only $39.24 million.

With an enterprise value of only $39.24 million and a resource base of 230 million ounces of silver, that equals a valuation of only $0.17 per ounce! Silver is currently $34 per ounce, meaning that MGN’s silver resource base is currently being valued at only 1/2 of 1% the price of silver! No other public silver company we are aware of has a silver resource valuation that is anywhere close to MGN’s low valuation!

RVM gained from our suggestion price of $1.9975 to a high today of $5.90 for a gain of 195% and we believe MGN has the potential to make similar gains from our recent suggestion price of $1.92!

NIA’s two most recent new stock suggestions before MGN were OPTT and MGP, and they made gains as high as 135% and 151% respectively from NIA’s suggestion prices. NIA will not be releasing any new stock suggestions until MGN rises to substantially higher levels.

NIA’s suggestion of MGN is completely unbiased. NIA does NOT own a stake in MGN. NIA is NOT being compensated in any way for its suggestion of MGN.

NIA is not an investment advisor. This email is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This email is meant for informational and educational purposes only and does not provide investment advice.

Additional legal disclaimer information: http://inflation.us/ legaldisclaimer.html

For Release: August 8, 2011
Contact: David Almasi at (202) 543-4110 x11 or (703) 568-4727 or dalmasi@nationalcenter.org
or Judy Kent at (703) 759-7476 or jkent@nationalcenter.org

Washington, D.C. - Black activists with the Project 21 black leadership network are are the rebutting assertions made by rabid supporters of President Barack Obama that the recent downgrade of the nation’s credit rating is the fault of the tea party movement.

“Our country is at a crossroads, and I’m proud to stand with patriotic tea party activists who are concerned about the future of our nation,” said Project 21 fellow Deneen Borelli, a frequent speaker at tea party events across the country. “The tea party movement burst on the national scene as a spontaneous reaction to government gone wild — outrageous spending, growing deficit and exploding debt. Since its inception, the tea party movement has been a positive force for reducing the size and scope of government.”

In the wake of Standard and Poor’s downgrade of America’s credit rating from AAA to AA+ — a historic first downgrade of its kind in American history — defenders of the Obama Administration are seeking to pin the blame on tea party activists for holding politicians’ feet to the fire against excessive spending. Such pressure helped force a compromise by the White House in the recent elevation of the nation’s allowable debt ceiling.

“The credit downgrade is just another example of this president and his administration’s failure to lead,” said Project 21 spokesman Cherylyn Harley LeBon (LeBon will be guest-hosting the syndicated G. Gordon Liddy show on August 9). “One can hardly point to the tea party for the credit downgrade. The debt problem could have been addressed when it arose in the fall of 2010 when the liberals still had a majority in Congress. Instead, Obama took a pass — as he has done with so many issues — and lays blame with others.”

Senator John Kerry (D-MA), Obama campaign operative David Axelrod and Fox News commentator Jehmu Greene, among others, call the nation’s lowered credit rating “the tea party downgrade.” Former presidential candidate and ex-Democratic National Committee Chairman Howard Dean claimed “right-wing splinter groups” kept Republican lawmakers from offering a debt compromise more to the White House’s liking that Dean implies would have averted a downgrade. On “Fox News Sunday,” however, David Beers, the head of Standard and Poor’s government debt-rating unit, said: “[T]his is not really about either political party… [T]he underlying debt burden of the U.S. government is rising and will continue to do so…”

Tea party activists — represented by many different groups and affiliated with no political party — have been almost uniformly consistent in calling for less government spending and not raising the debt ceiling without significant spending cuts and a framework to cap and control future spending. Obama, who has not offered a comprehensive plan for easing debt or controlling spending, said in his August 8 statement on the downgrade: “No matter what the credit agencies say, we will always be a AAA country.”

“The credit downgrade is a consequence forced upon the American people by a president who has consistently demonstrated no regard to the fact the Constitution grants no right to Congress to subsidize private interests,” said Project 21 spokesman Stacy Swimp, a tea party organizer in Michigan. “Corporate welfare, record spending and contempt towards the Constitution from liberals created the condition which ultimately has led to the downgrade. Tea party activists have consistently and correctly condemned the aforementioned fiscal irresponsibility.”

Project 21, a leading voice of black conservatives since 1992, is sponsored by the National Center for Public Policy Research (http://www.nationalcenter.org).