Furthermore:

There are a heck of a lot of "value stocks" right now,especially in the natural resources and precious metals sectors. The recentbloody sell-off (major correction) in those areas has increased thepossibilities for 100% gains in some stocks over the coming months.

What causes a stock to double? The answers can be as obviousas a takeover bid or a company whose stock is worth half of the book value ofthe company and its assets. Other factors that can cause a stock to double aremajor discoveries, blow-out earnings, insider buying and generous stock buybackprograms from the company itself.

Here's an example of a stock likely to double from here,compliments of Chris Mayer, the editor of Capital & Crisis newsletter.

Gulfport Energy (GPOR) recentlyreported really strong results, and the stock climbed on the news. In my mind,Gulfport was (and still is) a deep value play. The results yesterday blew awayWall Street’s best guess -- earnings rose 56% year over year.

So far, the fundamentals are even better than expected. Ourthesis is intact, and I expect we’ll do well owning Gulfport.I listened in onthe conference call, and CEO Jim Palm ended his opening remarks with thiscomment:

“Finally, I would like to close with a comment about thevaluation of Gulfport’s assets versus the current valuation of the company bythe market. At year-end 2007, pricing $92.50 for oil and $6.80 for natural gas,our engineering report showed a PV-10 of $821 million. Based on the increasedprice of oil and natural gas to yesterday’s close of $118.58 per barrel of oiland $8.69 per thousand cubic foot, we estimate our proved reserves alone to havea PV-10 of approximately $1.2 billion. Moreover, this number does not even beginto take into account the enormous upside we derived from Grizzly, the Bakken andother investments.”

The market cap of Gulfport at yesterday’s close was onlyabout $600 million, with about $80 million in net debt. That’s far below $1.2billion -- not including any upside from the Bakken acreage or its investment inGrizzly [one of the prolific areas in which vast resources are derived].

Another possible "double" stock company is Hecla Mining (HL). Recent earnings reports and other assessments havebeen quite positive, and the potential benefits of their 100% ownership of theGreens Creek Mine Complex doesn't seem to be factored into the recent price ofthe share.

After last week's 12.5% correction in the price of silver,HL closed the week at $6.60, and touched a new 52-week low of $6.50. This ismore than a 50% correction from Hecla's 52-week high. The stock's book value pershare is currently around $4.17.

One of our mentors, Byron King, the co-editor of OutstandingInvestments, told us last week after visiting Hecla's offices in Coeurd’Alene, Idaho on a fact-finding trip:

I spoke with some senior players about corporate strategyand the mining outlook.

I’ve said before -- and I’m completely convinced now --Hecla scored a brilliant coup when it bought out the Greens Creek Mine, south ofJuneau, Alaska. Its longtime partner Rio Tinto had to sell. And Hecla was wellpositioned to buy.

Turns out that Hecla was planning for this opportunity for acouple of years. Hecla arranged a line of credit and kept the bank in the loop.And Hecla had contingency plans for many different scenarios. So when Rio (RTP) needed toclean itself up in the face of a hostile play by BHP Billiton (BHP), Hecla wasready to move.

Now that Hecla owns 100% of Greens Creek, it is conductingan extensive program of drilling to prove out additional resources and reserves.The initial results are beyond promising: They are great! Greens Creek will beproducing ore for many years to come. The ore body is larger and deeper thaneven Hecla’s own geologists expected.

And Hecla’s operations in Idaho’s famous old Silver Valleyare due for some very great news. Hecla has gone back to over 100 years ofmining data from Silver Valley. Hecla digitized the data and has been usingvisualization software to get a better handle on the geology and mineralizationof the area.

The result is that Hecla has uncovered (literally) some newtrends, and even entire ore bodies, that the old rock kickers overlooked or justplain mined around. The resource numbers are huge, and the official results willbe in the range of HUNDREDS OF MILLIONS of ounces of silver and other metalslike lead and zinc.

Hecla’s exploration program has incorporated some of themost modern techniques of numerical processing, overlaid on a century ofproprietary company data on one of the largest silver districts in the world.Hecla is rediscovering the Silver Valley of Idaho.

Sure, Hecla is subject to swings in the price of silver.Silver goes up, Hecla goes up. Silver goes down, Heclagoes down.

But Hecla is a SCREAMING BUY rightnow. There is probably no other large mining company with as muchupside over the medium and long term as Hecla.

Thanks Byron! We all know that it is hard to predict howfast and how far a stock might go up. Whether it is 12 months, 36 months or 6months, we would all like to know we own an equity that has the potential to atleast double.

Please leave us some comments on your favorite stockcandidates that may double in price over the next 12 months. Give us a few briefreasons why you think this stock is a screaming bargain right here, right now.Many thanks in advance.