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 > Should I take the plunge?

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Post by quicksilver545on Jun 23, 2016 3:01pm

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Post# 24992238

Should I take the plunge?

Hey Sherbrooke,

I am a deep value investor, like yourself, and am curious about this play. I see on the balance sheet they have about 7.2 million in cash, 2.9 M in assets, and let's say 1 M in liabilities. At a market cap of 3.18 M, it seems like there's value here. Are there other liabilities that we are not aware of? What are the chances of a ROC or dividend, similar to what happened with PDQ? Does this stock have high insider ownership? What are their plans for the future? Cash burn rate?

Anyways, I really appreciate your insight. Also considering the AOS play.
Unfortunately, I'm embroiled in the PFC debacle, so hopefully I will make it out of that one with minimal losses. In at 7c a share. Thankfully, did well with PDQ.

Any other deep value plays on the horizon that you can recommend?

Cheers!

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