Hello traders and Readers!
We’re pleased to announce that we’ve uncovered a possible power packed, low float super play in CRGP.
We’ll be quite frank; we believe that momentum can set this baby off and we could see some very adorable gains on Friday.
With only 5M shares in the float, this dynamite stick looks like it could explode and start heading up back to where it was.
We won’t call this a bounce play because the chart shows us that it looks like it may have already bottomed out and is heading back up.
We’re thinking that we could catch this free ride back to the top.
Let’s take a little looksy at CRGP.
CRGP (Calissio Resources Group, Inc.)
CRGP is a mining company focused on achieving full production capacity of its copper resource on its Jovita mining property and the acquisition of other properties.
The Company has been focusing its efforts on the acquisition and development of base metals projects in Mexico that is currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation.
Management is continuing to actively pursue mineral interests that represent significant growth, value and cash-flow opportunities.
CRGP is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
On March 11th, CRGP showered the OTC community with promising news and more reason to believe in its potential.
Calissio Resources Completes San Pedro Mill Upgrades
LAS VEGAS, March 11, 2015 /PRNewswire/ -- Calissio Resources Group (OTC Pink: CRGP) is pleased to the completion of upgrades to the San Pedro Mill, increasing the total productive capacity from 120 tons per day (tpd) to 200 tpd, an increase of 66%. Calissio will now begin the testing phase, which is estimated to last 30 days, and the Company is optimistic the mill will be running at full capacity by the middle of April. At full capacity, San Pedro will be able to process 1,400 tons of ore per week or an estimated 18,000 tons per fiscal quarter, which will add an estimated $1.1 million per quarter and $4.4 million annually, at prevailing copper prices.
"This is a huge milestone for the Company, and will make a dramatic impact to our bottom line due to our strong strategic advantage of low production costs. San Pedro will now initiate the testing phase, so we can ensure a smooth transition to full production," said Adam Carter, the President & CEO of Calissio. "The upgrade mill will increase our overall efficiency significantly, and will dramatically increase our productive capacity."
Mr. Carter also provided an update regarding the upgrades to the La Jovita Mill, which are on schedule and on budget. Upgrades to La Jovita that will increase operational capacity from 200 tpd to 500 tpd.
You can read that full report here: http://finance.yahoo.com/news/calissio-resources-completes-san-pedro-121500592.html
BUSINESS SUMMARY
(CRGP- Calissio Resources Group, Inc.)
Calissio Resources Group Inc., focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
Mining operations are currently ongoing and are processing 40 tons per day (TPD) on Calissio's 250 hectare concession.
The soon to be upgraded mining operations will have a capacity of 150 yards per hour and a theoretical daily capacity, with maintenance time to through-put of 1,500 cubic yards or 2,000 TPD based on a 10 hour operating day. For the near term from now to June 30 2013 operations will run at 500 TPD and then for the medium term between June 30, 2014 and December 31, 2014 term Calissio Resources has planned production of 1,000 TPD. After 2014 Calissio will increase production capacity to theoretical capacity levels of 2,000 TPD and further expand production capacity in 2015 and beyond the expanded operation of 500TPD can be up and running within 60-90 days from the existing 40 TPD operation. A total mining production staff of 12 will operate in two separate shifts of six crew members working a 12 hour shift.
For additional information, please visit: http://www.calissioresources.com/
MARKET OUTLOOK
According to a few mining specialists, they expect a turnaround in the fortunes of mining companies and their stock value.
“I think the odds are favoring a turnaround,” said Jeb Handwerger, president of the Gold Stock Trades newsletter. “This has been one of the hardest, and longest, drastic downturns because it’s coming off a 10-year bull market that went very high. This is a correction to the mean, and markets will do that – they’re cyclical.”
Andrew Chanin, chief executive officer of PureFunds, believes that 2015 will be a return to fundamentals over technicals for precious metals prices.
“I thought it would have happened sooner, and we’ve seen so many wild signals from all different areas in the metals space that we’re at some type of turning point,” he said. “That turning point will be the return of the fundamentals to the metals markets, which in turn will help the miners.”
Jordan Roy-Byrne, editor of The Daily Gold newsletter, said he sees a good year for mining stocks in general, but pegs a few groups to really excel.
“I think it’s going to be a really good year, because we’re at the end of a bear market,” he said. “The junior developers and junior explorers are going to outperform because the bear market devastated a lot of producers and it’s going to take a long time for them to get their houses in order.”
“Those are the things investors should look at and that’s why I think we went through a difficult time.”
You can read that full report here: http://www.kitco.com/news/2014-12-18/OUTLOOK-2015-Mining-Stocks-Will-Have-A-Good-Year-Analysts.html
There you have it folks! Get CRGP on your radar before everyone else!!
