Esrey Resources Ltd V.ESR.H

Alternate Symbol(s): LNGYF

Metals & Mining Industrial Metals & Minerals

Esrey Resources Ltd. is a Canada-based company, which is focused on the extraction of zinc, lead and other metals from these waste materials in a hydro metallurgical process that is in the final stages of development. The Company's hydro metallurgical pilot plant is capable of processing approximately 100 tons of feed per annum. The plant is in operation and is being used to develop the Esrey hydrometallurgical process to process these hazardous feed materials and recover the value of the contained metal. The Company has produced special high grade London Metal Exchange (LME) grade zinc cathode from the plant. The Company is focused on the extraction of zinc and lead from primary Electric Arc Furnace waste and secondary waste materials from mines and furnaces in the Balkan region.

TSXV:ESR.H - Post by User

Esrey Resources Ltd

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Post by Spicoli420on Jan 25, 2013 11:41am

194 Views

Post# 20890350

News - pathetic

So let me get this straight. Pacific Rubiales farmed into IOC acreage next door to LNG's PPL 319 at $1600/acre. Ok. Gas to surface. I get it. LNG farms out its acreage to EERL for $2.30/acre. EERL is owned by EER and OMAG. EER's Chairman is David Cohen and the CFO is Danny Lee. Both hold the same positions in LNG. OMAG was also issued 32 million shares in March 2010 to be bought out of LNG's Polish sub. OMAG is "Arm's Length"!

I can't believe it took them close to a year to get a deal done and it ends up being this. Great deal if you own EER shares.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aLNG-2034442&symbol=LNG&region=C

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