TRLR gave us a momentary pop at the open this morning before aggressive selling hit. It has since stabilized and is in the process of moving higher from the lows.
Why the selling? No idea, but it is clear there is underlying support here.
Update: Trulan’s Platinum Resource Likely to Increase With Further
Exploration Beyond the Known Mineralized Zones. Further Land Acquisition
Henderson, NV, June 25, 2013 – Trulan Resources Inc. (TRLR)
(the "Company" or "Trulan") reports that management is evaluating the
scope of the next phase of exploration on the IGP Project in light of
planned land acquisition activities. The comprehensive ongoing
exploration plan will take into consideration which areas of the
property will most likely continue to report significant values of gold
and platinum as work programs expand beyond the current delineated
mineralized zones. The plan will also be determined by the additional
land the Company expects to acquire and where it sits in relation to the
already existing resource area. Trulan has reviewed preliminary data on
other properties surrounding the IGP Project where initial exploration
activity uncovered anomalous mineralization similar to the four zones of
Recent activity in world gold markets has thrown the
future of the precious metal into uncertainty and gold focused mining
companies, from senior producers down to junior explorers, are taking a
hard look at their ongoing operations. However, Trulan’s gold resource
to date of 1,764,112 ounces – with the expectation that the resource
will increase with additional exploration is significant in that the
cost to mine and produce an ounce of gold from the IGP Project will be
highly economical given the nature of the deposits and the method of
extraction and processing currently under review.
Platinum resource of 1,905,428 ounces is a shining light compared to
gold due to a higher price per ounce and a projected supply side deficit
over the next two years. Platinum demand is expected to rise in 2013,
supported by stronger growth in fabrication demand and improved investor
sentiment toward the metal, according to a recent study by CPM Group.
are also expected to rebound after problems in South Africa dented
output last year. Demand will still outstrip supply in 2013, but the
supply deficit is forecast to shrink to 86,000 ounces from 294,000
ounces last year, the New York-based consultancy said in its annual
Platinum Yearbook. Higher demand should also support prices, although
CPM Group did not give a price forecast. In 2012, platinum prices
averaged $1,554.30 an ounce, down 9.8% from 2011’s record annual price
All the best today – remember, keep stops tight and take gains where you can.
There is only one Company that should be on your radar today.
Trulan Resources, Inc (TRLR)
TRLR started its chart reversal yesterday, and I believe there is significant upside potential.
The selling appears to be over, and TRLR with a history of making big multi-day moves, is on an upward trajectory.
Even better, TRLR just crossed its 50 day moving average – a very bullish signal.
If TRLR can sustain another run higher, I think it could easily see $0.03 – its recent high – and its former support level.
TRLR could be the ultimate multi-day / swing trade.
And we’ve found it as just the right time.
Yesterday’s move was a very telling sign for what we can expect today. TRLR closed up 39%, but more impressively, there was strong morning volume followed by profit-taking, support established and more buying in the afternoon.
This is the perfect sign that a stock has "room to breathe" without heaving selling dictating events.
About 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 last month, the Company announced that it intends to acquire additional property around its existing IGP Iron-Gold-Platinum Project in Chile.
We think TRLR should be on everyone’s radar today. We hope you’ll join us.
And as always, we remind you to employ solid risk management in your trading and investing.
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