Everybody wants a piece of USGL.OB

On Friday Rob McEwen, a gold visionary that made GoldCorp what it is today, became the largest shareholder of the company:

Rob McEwen Becomes U.S. Gold's Largest Shareholder

I was so stupid not to buy it at yesterday's open ... anyway, another company is also buying shares in USGL.OB:

U.S. Gold Reports NovaGold Purchases Stock from Existing Shareholders

McEwen says this:

«"U.S. Gold's Tonkin Springs property is exciting. Its 36-square-mile property position, strategically located on the Cortez Gold trend in Nevada, is in the heart of a promising exploration play. Tonkin Springs has an existing gold resource of 1.4 million ounces within the upper 250 feet over a relatively small area of the property. The exploration potential of this property has increased over the past few years as Placer Dome, which adjoins our property to the north, has continued to discover several multi-million ounce gold deposits, some of which have reached to a depth of 2,000 feet. Tonkin Springs is a great asset, and I intend to aggressively explore this interesting property," said Rob McEwen, U.S. Gold's incoming Chairman and CEO.»

1.4 million ounces at a price of $450 an ounce is $630M, for a company which market is just about $16.57M.

The future seems bright for USGL.OB with this man taking charge of the company. He has the know how from Goldcorp, the most efficient gold producer in the world (it takes gold out of the ground at $60 an ounce).

The stock shot up 107% yesterday, but I see no stopping here for the bullish run ... I will buy $1000 of this at the open, just hope it isn't too high.