Hate to say I told you so - but we did, didn't we?
TNR Gold Corp and its subsidiary International Lithium is up a staggering 80% this week. It's hitting a new yearly high of $0.22 as we speak. We believe it will go higher - insider are not selling, in fact they are acquiring more shares!!
Check the trading pattern as well (pic below) - no thinly traded volume either. Trading wrapped up today at nearly 700,000+ shares.
We're bullish on the company - it would seem like well-regarded analyst & newsletter writer James Dines and John Kaiser (already on TNR side it seems) is now telling their subscribers to follow... all rare metals in fact - in light of new EV-electric cars demand and China cutting production!!
Do your own due dilligence of course - I don't see any caution with the group at all. This spin-off coming up for International Lithium could easily be the beginning of something really big.
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Related rare metals group such as Commerce Resource (Tantalum) (CCE:TSX) has also jumped significantly with their tantalum deposit.
The story of the week would definitely have to be Avalon Resources (AVL:TSX) and Rare Elements Resources (RES:TSX).
Both are up 70% and well over $1/share. This is no longer a penny stock story folks!
Interesting tidbit we find is that rumors has it TNR has the same geologist advising them on property acquisitions.
Google "Dr. Frederick Breaks" and you'll find your answer soon enough ... he's the same person who Avalon and Rare Element's properties:
Avalon's Separation Rapids
http://www.avalonventures.com/projects/rare/separation_rapids/
See link below for proof:
"Discoveries ....include the Big Whopper and Big Mack petalite pegmatite systems, ... Tindle, A.G. and Breaks"
http://www.springerlink.com/content/0y0w5fmd8v5heufy/
More here:
http://www.open.ac.uk/earth-research/tindle/AGTWebPages/AGTMins.html
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"They [tantalum prospects] are a tough target," said Donald Bubar, president
of Avalon Ventures Ltd. of Toronto. The metal is found in low
concentrations. It is in oxide rocks, which are non-conductors, making it
difficult to find targets using geophysical techniques and airborne surveys.
"Northwestern Ontario is just prime geology to find these types of
deposits," Mr. Bubar said.
In the search for tantalum, geologists must look for pegmatites, a
crystalline rock formed by cooling magma, which sometimes concentrates other
exotic metals such as cesium, lithium and rubidium.
"It's just good old-fashioned prospecting, along with a good knowledge of
what the rare metals look like in the field, that will result in the
discovery of most tantalum prospects," said Dr. Frederick Breaks, a
geoscientist with the OGS.
Dr. Breaks said that the OGS has worked closely with Dr. Andrew Tindle, a
geology professor with Britain's Open University, in discovering tantalum
prospects in northwestern Ontario.
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