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Hello Traders,
This is not groundhog’s day!
I am indeed alerting you back to back.
After reading all the news on this Sub-Penny Play, I couldn’t keep this to myself.
URHN is the shiny gem I’m talking about.
Diamonds are one of the world’s, and specifically Africa’s, major natural resources.
An estimated US$13 billion worth of rough diamonds are produced per year, of which approximately US$8.5 billion are from Africa (approximately 65%). The diamond industry employs approximately ten million people around the world, both directly and indirectly, across a wide spectrum of roles from mining to retail. Global diamond jewelry sales continue to grow, increasing three-fold in the past 25 years, and are currently worth in excess of US$72 billion every year.
With such a HUGE industry URHN could be setup for serious growth potential! If you missed my full report from last night please read below:
URHN (Uranium Hunter Corporation)
URHN is a sub-penny company trading at just $.0048 with huge potential and an even bigger opportunity for you; keep reading to see for yourself.
Growth potential can be such a shifting thing for a company, but when the shift is up, the potential gains could be incredible.
Well, URHN is no less incredible and deserves your attention now!
In the last few weeks, the company has taken an important step in raising its trading profile. The company had a bit of a media coup when it announced plans to explore diamonds in Brazil, which they’ve entered since the release of its recent news. They have even forecasted future revenues!
TORONTO, ON--(Marketwired - Apr 21, 2014) - Uranium Hunter Corporation ("The Company") (OTC Pink: URHN) (OTCPK: URHN) is pleased to announce that in conjunction with the press release posted this morning, and previous discussions and collaboration with the president of Minas Core Mining Inc., the Company can confidently project first year revenue at between $5.5 - $6.0 Million USD. The foregoing figures are based on extraction from only the first one hundred hectares of available extractable land.
Over the next two-week period, URHN will release more comprehensive details regarding the phasing of Minas Core Mining Inc. into full production and the timeline associated therewith.
There are multiple reasons to focus on this news.
A. Diamonds are getting considerable attention by monetary economists and they are being solicited as the next great medium for storing wealth, resulting in price hikes for the precious gem.
B. Investors on Wall Street are actively looking for affordable mining plays and URHN presents itself very well in this regard.
About URHN - Uranium Hunter Corporation
(Current PPS. $.0048)
Uranium Hunter Corporation, through its subsidiary Cuyuni Mining Inc., engages in the exploration and production of mining properties primarily in Africa and South America. It focuses on the exploration of uranium, gold, silver, platinum, and other precious metals, as well as rough diamonds and other gem stones. The company was formerly known as Brownsville Company and changed its name to Uranium Hunter Corporation in February 2007. Uranium Hunter Corporation was founded in 2003 and is headquartered in Las Vegas, Nevada.
Recent expectations are that the majority of diamonds extracted will be over 3 carats, with an indicated resource of approximately 96,000 Carats. This translates into approximately $96 million.
For the full press release: http://finance.yahoo.com/news/uranium-hunter-corporation-provides-summary-121500928.html
MARKET OUTLOOK
Diamonds are one of the world’s, and specifically Africa’s, major natural resources. An estimated US$13 billion worth of rough diamonds are produced per year, of which approximately US$8.5 billion are from Africa (approximately 65%). The diamond industry employs approximately ten million people around the world, both directly and indirectly, across a wide spectrum of roles from mining to retail. Global diamond jewelry sales continue to grow, increasing three-fold in the past 25 years, and are currently worth in excess of US $72 billion every year.
A steady diamond demand in the United States, paired with an ever growing appetite for these precious stones in China and India, are some of the main factors expected to cause a major gap in global supply and demand, sending rough diamond prices through the ceiling by 2018.
That is the main conclusion of a recently published report by Bain & Company and the Antwerp World Diamond Centre (AWDC), which also warns of major consequences of this sharp price increase for industry players up and down the value chain.
In Global Diamond Industry Report 2013, the authors forecast that rough diamond production will grow at an average annual rate of 4.8% from now until 2018, reaching a peak level of 169 million carats and a production value of $19.6 billion. This could be good news for African producing nations such as Zimbabwe, Botswana, and the Democratic Republic of Congo (DRC).
According to expert in the field, Paul Zimnisky, these countries, together with Russia, are estimated to account for 84 percent of expected global 2013 diamond production of 130 million carats.
Only this year, he says, Zimbabwe’s Marange diamond fields are projected to produce 16.9 million carats, which would make the project the largest in the world in terms of carats produced annually. Those totals could be as high as 30 to 40 million carats annually if current restrictions did not exist, he adds.
DRC, the second largest diamond-producing nation in the world, generated 21.5 Million carats last year. But since a third of the country’s diamonds are believed to be smuggled, quantifying net production is difficult.
Botswana’s mines, being Orapa the world leader in terms of total diamond value produced annually, are forecast to produce just over 11 million carats this year. And starting in January 2014, the country will host De Beers’ famed sights, which means the world’s leading diamond experts (known as ‘diamantaires’) will gather there 10 times a year.
INVESTOR HIGHLIGHTS
URHN projects future year revenue at between $5.5 - $6.0 Million USD. (According to recent press releases by the company)
URHN’s foregoing figures are based on extraction from only the first one hundred hectares of available extractable land.
URHN has completed its agreement with Minas Core Mining Inc. to acquire 80 PCT of its shares. In which gave the company access to the exploding diamond mining industry in Brazil.
URHN is nestling near the bottom of it’s 3 month chart. With the recent news, it has all the potential to become what experienced traders call a classic bounce play.
This list could go on and on, but it’s time for you to start your own research.
Make sure you pull up URHN right now and be ready for this sub-penny play!
Go now, pull up URHN and see for yourself!
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