Buy recommendation from Lundin once again! You said it all!!!!!!!! Screws over the logic of the bashers now doesnt it?!
Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,903
Continual drivel that you cant make money here. Preservation of capital is tantamount to making money in this bloody commodity cycle. We aint seen nothing yet!
Brien Lundin, in the August, 2015, edition of the Gold Newsletter, refreshes his buy of Sunridge Gold Corp., recently 15 cents. Mr. Lundin said buy twice -- in August, 2014, at 20 cents and in March, 2015, at 13 cents. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,903. Sunridge and its joint venturer the Eritrean National Mining Corp. are currently in talks with the Eritrean Ministry of Energy and Mines to work out the details of a mining licence for their Asmara copper project. The licensing agreement will cover all aspects of operations for 20 years. Mr. Lundin says Sunridge's management is confident that the ministry will grant the licence, after which the company can begin to raise capital to finance a phase 1A development program at Asmara. Phase 1A will involve mining Asmara's Debarwa deposit for high-grade direct shipping copper ore, the editor notes. In addition, Sunridge recently obtained renewals for Asmara's three exploration licences, which are valid through May, 2016. With the path to development becoming clearer, Sunridge appears ready to step into the role of a copper producer, Mr. Lundin concludes. The stock remains a buy at current levels.
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