S&A Prospector Page 1 of 19 California Multimillionaire Discloses Full Details on: U.S. Gout's "Secret ‘Golden Gate’ Project" ("Potentially the Most Profitable Discovery of my S&A Career...") Dear Reader, The alarm clock next to my bed said 12:47 AM... If the caller were anyone else, I probably would have hung up the phone... But it was my long-time friend Bill O'Donnell on the other end... And he never calls unless something valuable and urgent is at stake. A multimillionaire West Coast Venture Capitalist, Bill's tipped me off to some of the most profitable investment opportunities of my career, including a Calgary-based company that has shot up 600% over the past five years... Bill was calling this time to pass along information about a situation-taking place out West ~ in California -- where he had just invested millions of his own money... My colleagues and I call it the 'Golden Gate Project...” Stretching from San Diego to a remote area by the San Francisco Bay... this little- known project is a joint venture between the Federal Government and the California State Gov't... bittp:/svww.stansberryresearch,com/PRO/0711 GLDJARSP/EGLDHBO1/200711GLD-IAR-SP&0=1399821 u=133006278l=... 11/26/2007S&A Prospector Page 2 of 19 ‘Together, they're paying out millions to three (3) tiny companies working round the clock... to complete the project by Jan. 2008. Why the urgency? And what are these companies up to? The next day I booked a direct flight to California, where I recently spent a week tracking down the answers.. Here's what I found.. The heart of the ‘Golden Gate Project’ is located on a 30-square mile stretch of land that borders Sonoma and Lake County in Northern California... The “Golden Gate Project" However, as you can see in the chart to your left, the project's various sites are spread across the entire state from as far south as Imperial County to Modoc County in the North. The details of the 'Golden Gate Project’ are completely hidden from view. In fact, without Bill's help, I never would have discovered this opportunity in the first place... There is no barbwire, no military personnel, no red flags, just work crews discreetly working round-the-clock in an effort to complete the project’s final stages. And as I quickly found out, the world’s http://www.stansberryresearch.com/PROM71 1 GLDJARSP/EGLDHBOI /200711GLD-JAR-SP8&o=1399821 &u=13300627&I=... 11/26/2007S&A Prospector biggest business titans have already made en this project including Warren Buffett, Bill Ga Virgin Group CEO Richard Branson, and Get Immelt. Even typically cautious institutional giants he investment cash: + Huge public pension funds and multibillio such as $.A.C. Capital Advisors and D.E. S more than $1 billion... + Large investment banks including HSBC, ( Nordic financial group Glitnir, have dedica + And venture capitalists have earmarked we Why would so many diverse investors put up And how can regular folks like you and me cl. ‘Goltien Gate Project’ REWEALEI In short, the ‘Golden Gate Project’ will affect EVERY Californian from Orange County It's the government's solution to California's power crisis.. What power crisis you might be wondering? Well, most Americans forget what happened to California in 2001 when in an instant statewide... Elevators stalled mid-floor... California's gas pipeline suddenly shut dow throughout the State stopped operating for nearly a month. ‘This was no terrorist attack. http://www stansberryresearch.com/PRO/071 1GLDJARSP/EGLDHBD 1/2007] |GLD-JAR-SP&0=1399821 &u=133006278I=... Page 3 of 19 11/26/2007S&A Prospector Page 4of 19 California ~ the world’s 5th largest economy ~ simply ran out of electricity and as a result fell victim to one of the worst power blackouts in U.S. history. Of course, the power came back on in California... but only after costing the state billions of dollars in damage and disrupting the lives of 30 milion locals.. But the problem didn't go away... it only got wors 500,000 Californians lost power when a transmission line + Dec, 2006: A Power outage in San Francisco cut off power to 120,000 businesses and residents for more than 24 hours * Sept. 2007: Blackonts hit California's southern counties (Orange, Los Angeles, San Bernardino, Riverside and Ventura...) affecting over 587,000 homes and businesses. So to remedy this crisis, the California State gov't created the "Golden Gate Project’: An urgent Gov't mandated and funded initiative to save California's electricity system. But... how did the California State and US Federal Governments suddenly come up. with the winning solution to a crisis that's been a real problem for more than a decade? ‘And what exaetly is in it for you? Let me briefly explain... 300% Potential Gains by Jan. 2008 from California's 'Best-Kept Energy Secret’ hitp://www.stansberryresearch.com/PRO/071 1 GLDJARSP/EGLDHBO1/200711GLD-JAR-SP8&0=1399821 &u=13300627&I=... 11/26/2007S&A Prospector http://www. stansberryresearch.conv/PRO/071 [GLDJARSP/EGLDHBO01/2007 1 1GLD-JAR-SP&o=139982 1 &u=133006278=, Page 5 of 19 The 'Golden Gate Project’ was built to produce energy... Although the energy I'm referring to has nothing to do with oil, natural gas, or coal Rather, it's buried miles beneath the earth's surface and can only be found in certain regions of the world I'm talking about geothermal energy. Just to be clear: Geothermal has nothing to do with wind, solar, ocean power... or any of the other “alternative energy solutions" you've read about... os ———— DOE Annual Energy Outlook Unlike these other resources, = geothermal power actnally works and is able to provide an uninterrupted supply of electricity to homes and businesses regardless of the weather. 7000 Zoos In fact, it's already being used on a small scale in rr a ie pal California and currently iprerson fo lernas by over 1609 ove hac ere yack supplies 60% of the power from 14.1 40369 billion klowatt hous per yet generated from the Golden Gate Bridge to the Oregon Border. Elsewhere, in an estimated 24 countries around the world, geothermal energy is 11/26/2007S&A Prospector Page 6 of 19 getting even more attention... For example: + In Iceland, more than 90% percent of homes are heated with geothermal energy. This saves the gov't over $100 million per year by avoiding oil imports. « In Kenya, the Philippines, Ethiopia and E] Salvador, geothermal provides between 10% and 27% of the country's energy needs... « And in Indonesia, the national gov't has vowed to double geothermal capacity by 2010... Now keep in mind, geothermal will NEVER replace oil, gas, or coal as a main source of energy. In fact, in most parts of the U.S., geothermal energy is impossible because the reservoirs just don't exist. But in California, it's an entirely different story.. California naturally contains the world’s largest geothermal reservoir. And that is exactly what the ‘Golden Gate Project’ was built to develop and produce. Right now, geothermal power provides California with 5% of its total electricity needs. By 2010, the government intends to double that. And to get it done, the state gov't, along with the Federal government, is offering massive financial incentives to any company that can get their geothermal plants up and running by January 2008 Why is this important for you to know as an investor? Because right now, three (3) tiny companies involved in the ‘Golden Gate Project’ each have geothermal projects that have yet to go online and investors who are savvy enough to get in on these tiny companies now could make an absolute fortune. http://www. stansberryresearch.comy/PRO/071 1GLDJARSP/EGLDHBO1/200711GLD-JAR-SP&0=1399821 &u=13300627&I=... 11/26/2007S&A Prospector Page 7 of 19 Let me show you how... 3 Ways to Profit from California's Golden Gate Project" ver heard of the tiny companies involved in the ‘Golden Gate Project’... For starters, they're all extremely small -- too small for big investors on Wall Street to pick up shares. And therefore not "newsworthy" enough for mainstream financial publications like the Wall Street Journal to write about. and whose shares ‘These companies are niche operators, with specialized expert trade for just pennies on American stock exchanges... Take Calpine Corp., which is probably the best-known example. ‘The company now owns and operates 19 geothermal power plants at the "Golden Gate Project’..” + Calpine has several long-term contracts with California's utility providers to supply geothermal energy to the state's residents for the next 15-20 years. These contracts are worth 20-times the company's yearly revenue, and shareholders have felt the windfall, Since Oct. 2006, Calpine's stock has soared 1,322%, The good news is that I've found 3 MORE companies that are even more profitable than Calpine, which are sitting on Gov't windfalls worth billions to their businesses... and could potentially return ridiculous amounts of cash to early investors... "Golden Gati Penny Stock #1: Recently signed a 15-year contract through the State hitp:// www. stansberryresearch.com/PRO!0711GLDJARSP/EGLDHB01/200711GLD-IAR-SP&o=1399821 &u=133006278I=... 11/26/2007S&A Prospector Page § of 19 + Gov't to supply more than 25 megawatts of geothermal energy to Northern and Central California. You can pick up shares right now for less then $.40 cents. + ‘Golden Gate’ Penny Stock #2: Has been awarded a 20-year contract to provide 35 megawatts of geothermal electric power beginning in 2008. This contract is worth 25- times the company's yearly revenue and its share price is currently trading at around $.50 cents per share. « 'Golden Gate’ Penny Stock #3: Specializes in geothermal power plants and has already signed contracts to build four in California, which are set ta go online within the next 18 months. You can pick up 500 shares today for $260 bucks. I wouldn't be the least bit surprised to see shares in any of these companies skyrocket over the next few months... just like Calpine did. In fact, if these stocks do just HALF as well as Calpine, you'd see gains of over 600%. Why am I so confident? Several reasons. For one, these companies have already climbed by 45%, 70% and 75% over the past 6 months and some of their projects have yet to go online. The second reason I believe these small stocks will skyrocket is because I've seen this situation happen time and time again in the investment world... Whenever governments pump money into a particular type of energy in order to increase its use, the companies that produce and develop that energy get rich Australia, for example, has a whole slew of geothermal-related projects underway... and the tiny gov't contracted businesses involved have seen their shares take off dramatically... « Geothermal Resources (GH), which has a handful of electricity projects in SE Australia, has already seen its shares jump 800% since March ‘08 « Petratherm Ltd (PTR.AX), which now has several geothermal licenses in South Australia, has seen its shares shoot up by over 200% since April ‘06, http://www. stansberryresearch.com/PRO/071 |GLDJARSP/EGLDHBOI/20071 |GLD-JAR-SP&0=1399821 &u=13300627&I=... 11/26/2007S&A Prospector Page 9 of 19 * And Geodynamics (GDY), which also has projects in SE Australia and is working on baseload electricity generation from hot fractured rocks (HFR), has watched its shares jump 140% over the past 12 months. Ahost of other nations are now realizing the potential of geothermal energy as well. ‘© Chile, China, Germany, France, India, Italy, Japan, Mexico, New Zealend, Nicaragua end Russia are now using geothermal power to produce electricity and are increasing their capacity - by as much as 10% over the nex‘ five years. China even plans on using geothermal ‘to heat and cool venues at the 2008 Olympic games in Beijing, But the U.S. has taken the lead. With over 200 geothermal power plants now operating throughout the country 24 hours a day, 7 days a week, the U.S. is now the world's leading producer of geothermal energy. And in an effort to ensure its growth for the next several years, the U.S. gov't is now requiring utility companies across the country to purchase or generate a portion of its electricity from geothermal resources... In California, for example, the state gov't requires geothermal energy to supply up to 20% of the state's energy needs by 2010... With production already underway in an effort to meet this quota, I can't think of a better place to put your money right now... As these three companies rush to provide geothermal power Geothermal Energy in the U.S. to millions of Californians Present-2025 throughout the next few years, you could potentially make a fortune. Ifyou're interested in this hittp://www.stansberryreseatch.com/PRO/071 1GLDJARSP/EGLDHBO1/200711GLD-JAR-SP&o= 1399821 &u=13300627&I=.,. 11/26/2007S&A Prospector kind of growth opportunity, 1 can't stress how important it is to GET IN AS SOON AS. YOU CAN. I've just completed and published a new research report covering everything you need to know about this opportunity. It's called: The U.S. Govt's Secret 'Golden Gate Project’. Inside my report, you'll learn the best ways to buy shares in each of these companies. You can access this information within the next 5 minutes. It's yours FREE, simply by taking 2 3-month trial subscription Page 10 of 19 ‘ates throughout the US. aze acne requiced by t stitute a portion of to my energy and commodity-focused research service: S&A Prospector. Note: Fora limited-time only, you can receive my research at a nearly half-price discount. Il get to the details of my service in just a few moments... But first tell you a bit about who I am and why I believe this is the best investment you can make in the world right now... ‘My name is Matt Badiali. /ww stansberryresearch.cony/PRO/0711GLDJARSP/EGLDHBO1/20071 1GLD-JAR-SP&o=1399821 &u=133006278=... 11/26/2007S&A Prospector Page 11 of 19 I've spent the last 15 years of my life researching and writing about natural resources and precious metals. I've worked as a field geologist for a variety of firms... taught at two major universities... supervised drilling teams... explored the mountains of Colorado... and even combed Nevada's gold-rich Carlin Trend first-hand... But the one thing I hadn't tried was to apply my knowledge of the energy industry to the world of finance So last June, I decided to take a job as a geologic analyst for the Stansberry & Associates Investment Research firm based in Baltimore, Md. I started an investment research newsletter called the S&A Prospector, and have since shown thousands of everyday Americans how to generate gains by playing limited in size investment opportunities before they happen and closing the deal once they di For example: * In May 2006, I told my readers about a gold mining company that discovered a proven 3.8 million ounces of gold in the remote northern Canadian province of Nunavut. Readers who followed my recommendation on this company would have made a 93% gain in just 11 months... + Three weeks later I discovered a little-known copper company that owns nine underground mines, seven of which are in Mexico, that produce gold, silver, copper, and zine. After recommending this company to my readers, its stock shot up 120% in just over a year. Of course, discovering these kinds of opportunities takes time, money and a lot of travel... Every month I log in about 5,000 air miles scouring the globe in search of the best hitp://www. stansberryresearch.com/PRO/071 | GLDJARSP/EGLDHBO1/20071 1GLD-JAR-SP8&0=1399821 &u=13300627&1=... 11/26/2007S&A Prospector Page 12 of 19 energy and natural resource related investment opportuni This past summer I traveled to Northern California to get full details on the ‘Golden Gate Project’ so that my readers could learn and potentially profit from what USA Today calls, “the energy industry's best-kept secret.” Now that I'm back in my Florida office, and I've had time to study everything I found... I can honestly say: This is the most exciting investment opportunity I've ever come across... ‘That's why I've written this special report: The U.S. Gout's Secret ‘Golden Gate Project Init, I explain everything you need to know in order to take advantage of this situation right now... Before I tell you how to access this report, I'd like to tell you about another little- known investment opportunity that according to the Sunday Times of London, "could triple your net worth in five years or le: Let me explain... Why I Spent Two Weeks in Canada One in every two Canadians uses it... To pad their regular incomes... pay off vacation homes... put their kids and grandkids through college... or simply retire early. What I'm talking about has to do with a popular moneymaking strategy that goes back more than 150 years... to an obscure region of Canada... a place called Fraser Canyoi Today you'd need a really good map to find any trace of Fraser, but back then it was home to one of the biggest goldmines ever discovered... http://www. stansberryresearch.com/PRO/O7 | |GLDJARSP/EGLDHBO1/200711GLD-JAR-SP&0=13998211&u=13300627&1=... 11/26/2007S&A Prospector Page 13 of 19 So much gold, in fact, that the British pioneers who found it quickly declared the entire region a Colony of the Queen, renaming it British Columbia, ‘The fortune unearthed at Fraser built British Columbia's roads... its railways... its first major cities... and created some of the world’s wealthiest families including The Schwabs, The Guggenheims and The Delamares (once the second-richest family in America)... But here's the most exciting part: Americans can now use this strategy to grow independently wealthy... Like Jon Compton and Christine Bagent — two Americans who have used it to make an average of $96,428 a year, for the past years. By now you might be wondering: How does a gold rush that occurred over a century and-a-half ago lead to an investment opportunity like this today? And exactly how does it work? Let me explain... How to Make 9,900% Just like the first oilmen of Texas, many of the prospectors who made their fortune in Fraser (British Columbia) never left. ‘They passed their expertise on and over the years, a lineage of "goldmen’ was created. Soon, panning by the riverbed became obsolete as new technologies emerged and turned prospecting into a business, forming companies of men that specialized in one thing: Finding gold. butp:// www. stansberryresearch.com/PRO(0711GLDJARSP/EGLDHBD1/20071 1GLD-JAR-SP&o=1399821 6u=13300627&I=... 11/26/2007S&A Prospector Page 14 of 19 These tiny companies simply went out and collected as much gold-rich land as they could find — hundreds and thousands of acres of it. Once they owned the land... and could prove there was gold underneath... that was enough to entice bigger mining companies like International Mining, the Mining Corporation of Canada and Newmont to take an interest... ‘And that's when these men ~ and their shareholders ~ made fortunes. For example: + When one of Jack Hammell's mines ~ the Nipissing — attracted the attention of the Mining Corporation of Canada, his syndicate's stock zoomed from $3.45 to $40 ~ a 1,059% winner. + And after International Mining got involved in George Webster's Kerr- ‘Addison mine, the stock soared from 15 cents to $15. A gain of 9,900%. Today, Fraser's Legacy is survived by 25 syndicates ~ the only companies of their kind in the entire world. ‘They have a much more modern name (they're now called "prospect generato! but their work is exactly the same. ‘They don't produce gold. They don't mine gold. All they do is go out and find gold. In short: They “generate prospects" for bigger mining companies. In my opinion, it's the perfect business. And more importantly, the perfect investment. That's why I recently put together a special report called, How to Make a Fortune with Prospect Generators. Inside, I provide a full run down on the 10 best generators in the world right now.. what they are... how you can invest in them... and how much money you could expect to make... Best of all, it's FREE of charge if you agree to take a 3-month trial subscription to hutp://www.stansberryresearch.com/PRO/0711GLDJARSP/EGLDHBO1/20071 1GLD-JAR-SP&o=139982 1 &u=13300627&1=,S&A Prospector Page 15 of 19 the S&A Prospector... Let me tell you a bit more about my service, so you can decide if it's right for you... How to Find the Best Energy & Precious Metal Investments in the World Ifyou decide to take a risk-free trial to S&A Prospector, you'll receive anew report every month on the best ways to invest in natural resources and precious metals... as well as other valuable commodities like uranium, Lalso cover small-cap mining companies, worldwide exploration firms, as well as various ways in which to invest in energy and metals. But my research doesn't end ther. 1 fol w yw the industry from every angle, And I report on the very best opportunities, cer they happen to be. The total S&A Prospector package includes: « 12 Monthly issues of my research advisory ~ and the full archive of past issues. + Research Report #1: The U.S. Govt’s Secret ‘Golden Gate Project.’ « Research Report #2: How to Make a Fortune with Prospect Generators. To my knowledge, there's nothing else like this research service available anywhere ~ offering due Some of my S&A bhutp://www. stansberryresearch.com/PRO/0711GLDJARSP/EGLDHB01/20071 1GLD-JAR-SP&o=1 399821 &u=13300627&1=.... 11/26/2007S&A Prospector http://www. stansberryresearch.com/PRO/071 1GLDJARSP/EGLDHBO1/200711GLD-JAR-SP&0=1399821 &u=1330062781=, \sight into the energy and precious metals industries from a seasoned geologist's point of view. But before I show you how to get started, Ineed to be clear about a couple things... Why This May Not Be For You ‘The companies I recommend are often tiny ~ with market caps less than $500 million... and the potential to explode 500% or more. For example, the ‘Golden Gate’ Penny stocks I've been telling you about all have market caps of less than $150 million and are trading at under $3 per share.. ‘This is wh subs 's imperative that I keep my iber list small. If too many people are trying to get into the opportunities I write about (including the ‘Golden Gate’ Penny stocks and prospect generators I've been telling you about here in this letter), the price of these stocks will go up too high, too fast... and no one would get a good deal. The other thing you should know is that the work I do for the S&A Prospector is very time, labor and travel intens Prospector subscribers write in... im totally satisfied with S&A Prospector. My profits have made my subscription costs negligible and | have recommended the report to a number of friends." ‘John K., Portland, OR am very satisfied with the information and recommendations from S&A Prospector. My results have been consistently positive.. look forward to further advice *Rob Longfellow, Providence, RI ike S&A Prospector. | bought Matt's October ‘08 recommendation ~and I'm up $100,000... | think the letter has good instinets... and Matt.” *Charles Clarke, Charlotte, NC “| entered one of Matt's gold recommendations on 7/20/06 at $3.85 and itis now at $5.10 and Page 16 of 19 11/26/2007S&A Prospector hitp://www. stansberryres Page 17 of 19 You simply can't evaluate the prospects of a power plant or mine ~ sitting at a has been as high as $5.85. | have desk. 3,000 shares — so that has been a great play for me as a smal You have to be on-site. You have to go investor. It adds to both [my underground. You have to meet the men retirement savings and my and women who are running the show. come}.” Tm on the road at least one week out of every four. *Mary Johnson, Cheyenne, WY Here are some of the places I've been in just the past few months: Salt Lake City, UT San Diego, CA Abilene, TX Carlin Trend, NV ‘Austin, TX Boise, ID Gulf Coast, FL Hoyt Lakes, MN ‘To research my newest special report on the 'Golden Gate’ penny stocks, I spent a week trekking through Northern California... talking with CEO's and meeting with investors and bankers from around the world. Of course, all this travel and research takes money. And my point is: S&A Prospector is not cheap. One year of my service regularly costs $1,000. Of course, | understand $1,000 may seem like a hefty fee to ask from someone who is unfamiliar with my research... ‘That is why for a limited-time onl half-of.. I'd like to offer you S&A Prospector at nearly For $550, you can have one full year of my S&A Prospector plus access to all my research reports.. /PRO711GLDJARSP/EGLDHBO/20071 1GLD-IAR-SP&o=1399821 &u=13300627&I=... 11/26/2007S&A Prospector Page 18 of 19 Please understand: This discounted special offer is good until midnight, November 29. After November 29, the price of S&A Prospector will revert to the regular rate of $1,000. I don't know when or if we'll offer a price break again and we certainly won't make an offer like this again this year. So if you think this may be for you, I suggest you sign up sooner rather than later. You risk nothing by trying it. But I think it’s a bargain, considering a smalll investment in just one of my recommendations could have covered that many times over. John K., a subscriber from Portland, Oregon agrees. He says: "My profits have made my subscription costs negligible.” But I concede... it's not for everyone. So here's what I suggest you do... Take the Next 3 Months to Try it Out Take the next 3 months, risk-free, to decide for yourself if my service is right for you. Sign up today and you'll get instant on-line access to both special reports I've told you about today: The 'Golden Gate Project' and Prospect Generators. Read the reports and take some time to do your own research. While you're on the S&A Prospector website, feel free to check out my other special reports covering a variety of great commodity investments. In the meantime, I'l start sending you my monthly S&A Prospector investment newsletter. It will arrive in your inbox on the fourth Friday of every month. boup://www stansberryresearch.com/PRO/071 1GLDJARSP/EGLDHBO1/20071 1GLD-IAR-SP&o=1399821 &u=133006278I=... 11/26/2007S&A Prospector hay Page 19 of 19 ‘Try it for 3 months. In the end, if you decide it's not for you, simply cancel by mail, phone, or email before that 3-month period is up. No hard feelings. I'll promptly send you a full refund ~ 100% ~ no questions asked. reason: I'm confident in the quality of my work ~ and the gains I can generate for your portiolio. Imake this guarantee to all my prospective readers for one simple To get started right away, Subscribe Now Sincerely, Matt Badiali Editor, S&A Prospector November, 2007 P.S. Remember: The ‘Golden Gate’ penny stocks I've told you about today are very small - and could easily move 20%, 30%, 50% in a day... and much more than that in a week or two. If you're even just considering a subscription to S&A Prospector, | urge you to sign up now. You'll have instant on-line access to my ‘Golden Gate Project’ report, so you'll know exactly how to take advantage of these opportunities right away. For the full details, click the button below. Subscribe Now /www.stansberryresearch.com/PRO/071 |GLDJARSP/EGLDHBO1/200711GLD-JAR-SP&o=1399821 &u=13300627&I=... 11/26/2007