Bottom Bounce: Trulan Resources, Inc (TRLR)

 

Traders,

 

There is a super "cheap" sub penny play we were watching today, and think it is ready to move in a big way.

 

Trulan Resources, Inc (TRLR) has been consolidating for the past month, and just a few days ago looks as though it found a bottom before bouncing back to higher levels. 

 

We think now is the time to ride the wave higher. We think we've found it as just the right time.

TRLR could be a very nice multi-day / swing trade. - just like it was back on May this year.

 

Check out the chart below. You can see the recent sell off followed by the bounce in the past few days. Now, technically speaking, TRLR could bounce back to the upper range of the channel (which also happens to be the 50 dma) at around $0.01 - this would represent a 32% gain - but we think there could be more.

 

As you can also see, TRLR gave traders a multi-week bounce from oversold lows back in May. It climbed roughly 275% from these lows. We could see the type of move again!

 

 

Take a Closer Look at TruLan Resources, Inc (TRLR)

 

Trulan (TRLR) is a Nevada based exploration and mining development company with a focus on Gold, Silver, and Platinum Group Metals (PGM) projects in North and South America.
 
TRLR and its management team have evaluated several highly prospective properties that have shown excellent promise for the establishment of near term mining operations, in addition to highly anticipated exploration potential. 
 
The TRLR team is committed to the acquisition of properties that have previously undergone significant exploration and work programs, and where a comprehensive data package exists.
 
In order to maximize shareholder value, TRLR's mission is the development of properties whose potential is considered to be extensive, with minimal infrastructure and operational costs, and that can be advanced in an environmentally responsible manner.
 

TRLR is now a major supplier of clean energy to the grid. It has done this largely through the conversion of waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems.

=>> Learn more about TruLan Resources, Inc (TRLR) <<=

 

TRLR's IGP Iron-Gold-Platinum Project  
 
TRLR recently entered into an agreement to acquire a 100% interest in the IGP Iron-Gold-Platinum Project ("IGP" or  the "Project") in the IV Region - Region de Coquimbo - of Chile.
 
The relatively small region has a long history of mining and several operations are currently in production, including the Los Pelambres Deposit, which is the world's fifth largest copper mine!
 
TRLR's IGP Project totals 885 Hectares (2,186 Acres) of wide spread mineralization and ore bodies that contain high grades of Iron, Gold, Platinum and high value industrial minerals.
 
There are eight known deposits in close proximity which have been tested to the point where an Indicated Ore resource has been delineated.
 
The IGP comprises of four ore bodies with an Indicated Reserve in excess of 247 Million Metric Tons.
 
TRLR is in a uniquely advantageous position with the IGP Iron-Gold-Platinum Project which has a reported in-situ iron ore valuation of $2,912,090,850 to date and is considered economically feasible to mine given the size and grade of the known ore bodies.
 
TRLR is currently evaluating all the data pertaining to the gold content contained in these deposits and expects to confirm what is believed to be an additional significant valuation in the foreseeable future.

And just yesterday, the Company announced the terms of agreement for the acquisition of the Chilean IGP (Iron-Gold-Platinum) Project.

 

Trulan Provides Terms of Agreement for the Acquisition of Chilean IGP Project

Henderson, NV (ACCESSWIRE - 9/4/2013 7:00:00 AM) - Trulan Resources Inc. (OTC PINK: TRLR) (the "Company" or "Trulan") is pleased to provide shareholders with a summary of terms surrounding the Company's agreement to acquire the IGP Iron-Gold-Platinum Project in Chile.

The IGP Project Agreement

In February, 2013 the Company announced that it had entered into a definitive agreement to acquire 100% interest in an iron-gold-platinum project, known as the IGP Project- in Chile form a privately held South American mining company.

Under the terms of the agreement, Trulan has been be granted the sole and exclusive right and option by the vendor to acquire up to a one hundred (100%) percent interest in the vendor's registered mineral claims, geological reports, proprietary knowledge, agreements, government permits and rights to use and operate, etc (the "Property" and the "Project") and thereafter participate with the vendor for the purpose to explore, test and to bring into commercial production one or all of the deposits that comprise of the IGP Iron-Gold-Platinum Project.

The Company will be responsible for taking the IGP to the Pilot Plant phase of commercialization of the project in order to earn the one hundred (100%) percent ownership of the Project and Property. This includes funding all further costs associated with the project; from additional exploration activities, permitting, environmental impact studies, engineering, metallurgy and site development to the construction, set up and initiation of mining and processing operations.

There are no cash payments due to the vendor under the terms of the agreement, however, further consideration is to be made to the vendor of the property on a profit sharing basis after all costs and expenditures by the Company are recuperated.

 

 

Read this press release in full at http://finance.yahoo.com/news/trulan-provides-terms-agreement-acquisition-110500831.html

 

We think TRLR will be on every trader's radar tomorrow. We trust you will be well prepared to take advantage of this opportunity at the opening bell.

 

email: alerts@madmoneypicks.com
website: http://www.madmoneypicks.com

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