SHMX (Shamika 2 Gold Inc) is our GOLDEN Pick

THE NEW EPIC PICK IS...
SHMX (Shamika 2 Gold, Inc)!

Please begin your research here: http://www.shamikaresources.com/ and http://www.shamika2gold.com/

SHMX (Shamika 2 Gold, Inc.) is our New Epic Pick!
SHMX closed yesterday at .29

After great success with our previous Lithium plays, we turn our focus to another very hot commodity - GOLD.
Some older subscribers may remember we talked about Gold hitting $1,500./ounceearlier this year.  While others projected this price, it still seemed so far away. Remember, Gold was trading under $1,200./ounce just this past August! Yet, here we are, just a few dollars shy of $1,500. with Gold recently hitting a new record high of $1478./ounce!

While Gold prices are expected to breach this new barrier in the short term with many analysts even making some lofty predictions as high as $5000./ounce in a few years, you can not ignore the impact that investments in Gold has had on our society in the last year.

That is why our focus today is on a new Junior Gold Mining Company with a foothold in Africa...SHMX.  

SHMX (Shamika 2 Gold, Inc), recently changing names and ticker symbol from Aultra Gold, Inc. (OTCBB: AGDI), is an international junior gold company with strategic holdings in the Kilo Moto Greenbelt in one of the most mineral-rich countries in the world, the Democratic Republic of Congo, where major mining companies have begun exploration and development as well as Southeast Asia.  Over $300 million of exploration, development and production capital has been allocated to the Kilo Moto Greenbelt in the last three years. The company's strategy is to become a global exploration and production company.

Shamika2Gold is 51% owned by Shamika Resources, Inc., a private company domiciled in Canada. Shamika Resources, which has extensive holdings of mineral resources, including gold in the Democratic Republic of the Congo, is engaged in the acquisition of mineral reserves in Africa. The corporate strategy is to develop a portfolio of mineral companies, unlocking value for shareholders, and opening up multinational access to the capital markets.

Shamika Resources has secured mining rights in the heart of the Kibara Belt in the Democratic Republic of Congo. The mineral exploration on these properties is focused on Tantalum, Niobium (or columbium), Tungsten and Tin. 



So there you have it.  Shamika Resources, Inc will focus on minerals and metals as mentioned above while Shamika 2 Gold will focus on Gold and other precious metals.

But that's not all....SHMX is looking to expand their portfolio with global presence into Asia..

RECENT DEVELOPMENTS:
On March 8th, SHMX announced that it has acquired 85% of MIG International Mining Group, a Mauritius company, which holds a concession of a gold and ruby exploration license in Cambodia. http://finance.yahoo.com/news/Shamika2Gold-Inc-Acquires-pz-903296838.html?x=0&.v=1Shamika acquired the capital stock of MIG in exchange for 57,000,000 shares of Shamika common stock and shares of Series B Performing Preferred Stock entitling the holder to 45% of the net operating profit from the mining project. The shares issued by Shamika will be held in escrow until MIG obtains all necessary production licenses and has commenced commercial production for two months.
The area covered in the license is comprised of approximately 158 square miles in the Samlaut district of Cambodia. A Phase 1 & 2 Survey Report on the area was prepared by Terra Insight Services, Inc., a subsidiary of Terra Energy & Resource Technologies, Inc. and suggests potential for 1.5 million ounces of gold and 9,000 kilograms of rubies.
"This is a historic acquisition for Shamika," stated Robert Vivian, President and Chief Executive Officer. "Shamika's strategy is to discover, develop, and produce gold from potential high-value projects in overlooked and emerging countries. We seek out management teams that are known for their local expertise and the ability to work internationally with a high-growth company like Shamika. The acquisition of MIG international Mining Group brings to Shamika both an exceptional property package, and an outstanding team."
"This acquisition will allow the Company to rapidly advance our Asian portfolio. We expect it to contribute to both revenue and earnings in the next nine to twelve months," added Mr. Vivian.
Shamika has developed an aggressive plan to bring the MIG projects into production during calendar year 2011, and will alert shareholders to further developments in the next months. 

As for the charts, SHMX looks to have found a nice support base here around the .25 region with secondary support regions at .22 at .20.  Technical indicators such as MACD and Money Flow Index have been rising indicating a further push into Bullish divergence.  If SHMX follows the below Stair Step chart pattern, we will watch for a breach of the 50 and 200 Day Moving Averages.  The 200 Day Moving Average of .43 currently sits at the same level as our line pattern.

Legendary iHub Chartist, ClayTrader recently did an excellent Video Analysis which you can find here: http://youtu.be/r60kNHi_PL0  - this is a MUST-SEE for all traders.

It is important to note that Dutch Gold (OTCBB: DGRI) owns 4.95 million shares of SHMX which they may sell in the short term - according to their recent http://finance.yahoo.com/news/Dutch-Gold-Reports-Fiscal-pz-3459577325.html?x=0&.v=2.  DGRI owned 67% of Aultra Gold before Shamika acquired Aultra in a reverse acquisition.  Read More in their filings: http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7838865

"Shamika2Gold has been moving quickly to implement its strategy of becoming a premier gold exploration company with operations in diverse countries, developing gold resources in high potential locations around the world. Already we are in the process of acquiring 23 exploration licenses in Woburn Township, Quebec, covering land totaling 13.91 square kilometres that contains alluvial gold deposits, and a gold and ruby exploration license in Cambodia covering approximately 158 miles in the Samlaut district adjacent to the famous Pailin ruby gem area. These licenses build on the portfolio of gold exploration projects we have underway in the Democratic Republic of Congo, where we are expanding our exploration program. It's a busy time at Shamika2Gold and we are excited about the future." - Robert Vivian, President and CEO