SOURCE: Stock Market Alerts

May 07, 2007 10:52 ET

Hot Stock List for Monday! May 7, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - May 7, 2007) - Stock Market Alerts' performance stock list includes: General Metals Corporation (OTCBB: GNLM), Apex Silver Mines Limited (AMEX: SIL), Barrick Gold Corp (NYSE: ABX), ExxonMobil Chemical (NYSE: XOM)

A new report on General Metals Corporation (OTCBB: GNLM) has just been released by Onyx Equity Research and it's sure to get the attention of investors this morning.

General Metals has been a star performer lately, with the stock closing Friday at forty-four cents, up over 150% in the last seven trading sessions. The new report places a Twelve-Month price target of $2.00 on the company's stock. Highlights of the report include:

-- The proximity of the company's "Independence Mine"

The Independence Mine forms an island within the boundaries of Newmont's Phoenix Mine in Nevada. Newmont has just completed spending in excess of $3 billion dollars to develop the Phoenix Mine into the largest operating gold mine in the U. S. Any ore recovered from the Independence property should be suitable to process by tolling through the Phoenix plant.

-- The Success Of Mining In Nevada

Mining in Nevada has established the presence of mineral deposits that are worth going after. Newmont has been mining gold in Nevada since 1965. Newmont's Gold sales from Nevada totaled approximately 2.4 million ounces in 2005 with ore mined from 13 open pit mines and four underground mines. At year-end 2005, Newmont reported 33.3 million equity ounces of gold reserves in Nevada, with 83% at open pit mines and 17% in underground mines.

-- Gold Supply/Demand And Pricing

A myriad of applications has had a dramatic effect on the price of gold, recently reaching over $690 per ounce. In early 2006 the price of gold was over $720 per ounce. The volatility of gold has caused it to be a favorite of financial speculators and investors, creating additional demand and volatility in the price of the metal.

Last week, the company also announced that its common shares are now also traded on the Frankfurt Stock Exchange and are quoted under the symbol GMQ. This now enables our European investors to more easily access trading of our shares in Euros.

Continue to watch this one closely. General Metals Corporation controls 100% of the Independence claims, which are completely surrounded by Newmont Mining's Phoenix Mine and is a 240-acre island with legal access. Newmont enjoys 8.5 million ounces of gold and 660 million pounds of copper in reserves with substantial additional mineralized material, which is target to be upgraded. The Phoenix Mine is the largest operating gold mine in the US.

The complete Onyx Equity Research Report can be seen through the link below.

For Stock Market Alerts' in-depth profile of General Metals Corporation, visit

Other Stocks of interest yesterday were:

Apex Silver Mines Limited (AMEX: SIL) up 20.4% on 4.6 million shares traded. Apex Silver is a mining exploration and development company.

Barrick Gold Corporation (NYSE: ABX) up 0.5% on 7.8 million shares traded. Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

ExxonMobil Chemical (NYSE: XOM) down 0.1% on 19.8 million shares traded. Exxon Mobil Corporation engages in the exploration, production, transportation, and sale of crude oil and natural gas. It also engages in the manufacture, transportation, and sale of petroleum products and petrochemicals, as well as participates in electric power generation.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for General Metals Corporation (OTCBB: GNLM). The compensation was forty-four thousand dollars in 2007 (twenty four thousand for previous services and twenty thousand for current services) from third party, Onyx Consulting Group LLC, who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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