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Esrey Resources Ltd LNGYF

Esrey Resources Ltd. is focused on the extraction of zinc, lead and other metals from these waste materials in a hydrometallurgical process that is in the final stages of development. Its hydrometallurgical pilot plant, which is capable of processing approximately 100 tons of feed per annum, demonstrates the process is technically and economically viable. 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. It will also produce by-products suitable for sale or for environmentally responsible disposal. It has produced a Special High Grade London Metal Exchange (LME) grade zinc cathode from the plant. It 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, which have created a substantial quantity of surface tailings, waste and by-product materials.


GREY:LNGYF - Post by User

Bullboard Posts
Post by battleforeston Jan 08, 2014 10:28am
211 Views
Post# 22069231

from Eric Muschinski's GIL newsletter today

from Eric Muschinski's GIL newsletter todayHappy New Year from Miami! I am working on a new premium issue which will be out tomorrow or perhaps yet this evening. I'll be going over what we can expect in gold and mining stocks short term and updates on our favorite stocks. For now, to free members, I wanted to send a quick note on 2 opportunities. They happen to be our top two picks this year. Cardero Group (CDU.T/CDYCF) is trading perfectly. We saw the fund tax selling consistently all December. Well, they still are showing up into the new year....what's that about? It's a golden opportunity because they are blowing their entire position in Cardero and the date ticking into 2014 isn't stopping them from doing that. Why golden? Because according to my calculations, they have less than 1MM or so shares left on the books. When that is finally gone for good, the stock is going into the 30's and maybe 40's pretty fast. It's simple supply/demand. The stock has risen nicely the past month on more buying than selling but once the final big seller has none left, we will see CDU rip. Again, this is a final rally call for GIL members to take out the Luxor fund position here still very cheaply. Sometimes big sellers are scary or a pain in the butt OR they know something we don't and that causes pause. They know nothing...they know they got screwed trying to steal the Carbon Creek deposit for pennies on the dollar now they are licking their wounds and going home. Instead of taking their ball and going home, they are giving us their ball on sale....don't let the door hit you on the way out! Cardero is a screaming buy and those who have been and continue to take action will be mightily rewarded. I'll say buy up to 25 cents on CDU and raising my price target a nickel to 50 cents so any purchases up to 25 should still see at least 100% gains. A coal market turnaround and/or interested acquirers could take CDU much higher than that but for now 50 cents is prudent. The faster we buy up the last 1 million shares the faster it goes up. If we let the market tick tock away like it is now....they'll be taken out completely by the end of next week.....maybe early next week. Then it will be much more difficult to buy a big position cheaply. Also, SHPR (Poly Shield) our top pick for 2014 is VERY cheap here at a buck! Wise investors may want to accumulate here because I am expecting major developments to start falling quite soon on SHPR. It's drifting because it has been quiet but I'm here to say all is well on the SHPR front and highly recommend accumulation on weakness. I think this scenario is very much perfect because I recommended it at $1.15 initially to free members but the market is giving us weeks to accumulate at/under that price, which is what we want. I don't like recommending a stock then it shoots up immediately and no one has a chance to buy or they chase it as buy at intermediate highs. So, in summary, GIL's top 2 recommendations for 2014 are within buying range. They will not be in buying range forever. There will come a day (maybe soon) on one or both stocks that it will turn into a hold then profit taking mode. For now, both stocks are still screaming buys. I will have updates on Timberline/Medallion/Zenyatta and gold/other mining stocks out to everyone by the weekend. Best, Eric
Bullboard Posts