TRLR News Hot off the Wire! Good morning Members! Last night I introduced you to a brand new company company feature, Trulan Resources (Symbol: TRLR). The Company boasts some major developments in the mining of iron, gold, and platinum specifically in South America…to the tune of just under $3 Billion assessment! To add to this, TRLR has also moved forward in creating a Chilean subsidiary to oversee operations and furture developments in Chile. Today TRLR comes hot of the press with news on major developments:
Trulan CEO In Chile To Discuss Mining Logistics, Potential Additional Claim Acquisition, And To Finalize The Newly Formed Wholly Owned Subsidiary
” HENDERSON, Nev., April 3, 2013 /PRNewswire/ — Trulan Resources Inc. (OTCPINK: TRLR) (the “Company” or “Trulan”) is pleased to report that CEO Robert Rosner will be attending several upcoming meetings in Chile that are expected to advance the Company’s mining interests significantly. During the trip Mr. Rosner will be finalizing the corporate structure of wholly owned Chilean subsidiary, Trulan Resources S.A.
…A number of logistical matters will be addressed that directly relate to Trulan’s operations in Chile going forward. Of primary interest are tax and mining code issues pertaining to the Company’s current mining project holdings and any subsequent claim acquisitions that may be under consideration. …The Company is currently evaluating all the data pertaining to the gold content contained in these [IGP Project] deposits and expects to confirm what is believed to be an additional significant valuation in the foreseeable future.”
Read the Full Press Here
TRLR Trulan Resources, Inc. TRLR has been on a fairly consistent sideways trend over the past few weeks and I think that there has been a key support level created on the chart; similar to what we had witnessed today where these points (when hit) could possibly create a “launch pad” for breakout potential. I believe that the same may hold true with TRLR. Looking at the chart below, I feel that the key support for this latest pick sits right around the 52 Week low of 0.02. A quick glance and looking for possible trends, TRLR hit this support in mid-March and what followed was a 105% run to highs above 0.04!
Why is TRLR on my Bounce List headed into Wednesday? Yesterday TRLR hit that support level once again, and the first resistance level appears to be sitting right around the 0.039 mark at the 20MA. I’m not saying that every pick has to swing for the fences but looking at the recent day-to-day trends, TRLR has seen 20-40% pops on moderate volume.
After today’s “support tap” I believe that the potential for big momentum could be starting to show itself and TRLR may be ready to bounce again:
In addition to the chart, the excitement surrounding this pick has been amazing from what I’ve seen and it looks like it has all circled around some HUGE news. I feel TRLR’s IGP (Iron, Gold, Platinum) Project in central Chile (which they own 100% interest in) has been a force to be reckoned with.
This project, according to the company, has attracted the attention of a number of significant private equity groups and Investment banking firms with interest regarding the future financing of the IGP and in my opinion, it has been for good reason (Link):
The Company reported in March a PEA (preliminary economic assessment) of the iron ore contained in four deposits on the IGP property which amounted to **US $2.9Billion!** …yep, throw a “B” on that value! (Source)
According to TRLR, the 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 company has expressed that IGP comprises of four ore bodies with an Indicated Reserve in excess of 247 Million Metric Tons. Each of the four deposits have not been fully tested to determine ultimate size and they all remain open on all sides and at depth. The company has said that further exploration beyond the zones outlined to date is needed to realize the full extent of the mineralization and total size of the Ore bodies.
It’s been my experience with several companies particularly in this sector, to focus on ‘exploring’ new plots but only operating out of a domestic headquarters. In a development stage, I’m sure many would agree that to do it right, one would need to have “boots on the ground” so to speak. Operating outside of the location would seem counter productive and for this reason, I’m drawn even more to TRLR as a company with strong potential which looks to capitalize on its business model and here’s why:
Just last week, the company announced that it has registered a Chilean company, Trulan Resources S.A., which is a wholly owned subsidiary of the U.S. parent, Trulan Resources Inc.
Trulan Resources S.A. was formed to hold the Chilean assets of the parent Company and conduct business within Chile as it moves forward with exploration and development of the IGP Iron-Gold-Platinum Project. The corporate office of Trulan Resources S.A. is located in the international business district of Santiago at AVDA APOQUINDO 3600, 5 PISO, LAS CONDES, SANTIAGO, CHILE (Read the Full Press). Click Here to see Additional TRLR Projects
So why do I like TRLR Going into Wednesday?
-Bounce Chart that has just hit a key support with an historic breakout point -A 20MA showing potential resistance level that is 70% away from today’s closing PPS – Nearly $3 Billion property assessment -100% Ownership…in the $3 Billion assessed property -“Boots on the Ground” through establishing a Chilean based subsidiary to conduct business as the company move forward with exploration and development -Increased awareness and interest from additional networks
I’ll have plenty more to come as I find it with my latest TRLR pick, so keep your eye on your inbox and make sure to stay updated with me on Twitter!
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