Free Trade Idea - Iron Ore Stock

Written by MrStockFox. Posted in Trade Ideas

We first recommended buying shares in Alderon Resources on Aug 10th(original post located here).  Our subscribers are enjoying gains of over 25%.  Today the company Released  Positive Preliminary Economic Assessment,  Here are the highlights from the news:

Highlights of the Rose Central Kami Iron Ore PEA include:

  • Concentrate production rate of 8 million tonnes per year at a grade of 65.5% iron
  • Commercial production commencing in 2015 with a mine life of 15.3 years
  • Capital cost of US$989 million (excluding closure costs, sustaining capital & leased equipment)
  • Pre-Tax IRR of 40.2%
  • NPV (discounted at 8%) of US$3.07 billion
  • Payback period of 2.7 years

What gets us even more excited here at TheStockFox.com is the technical picture.  Based upon the trading pattern, it looks as though Alderon wants to run to over $5.00 a share.  Our subscribers are already long from the $2.90 area and stand to potentially make 100% on our position.  If you wish to get additional stock picks like this one, please consider subscribing to our already low cost Pro-Trader Membership.  We offer a 30 day money back guarantee. For a limited time you can save an additional 10% by using our special promotional coupon "save10percent".

XRA - Exeter Resources

Written by MrStockFox. Posted in Trade Ideas

XRA - Exeter Resources

We recommended to our subscribers to accumulate a starter position below the $5.00 level but on a break of this channel to back up to truck to a full position. Well today, XRA did just that, breaking out of its multi-year down channel on Massive Volume. We consider any retracement below the $5 level to a good longer term entry point.

With 40+ million oz of gold equivalent, Exeter is valued very cheaply even at today's prices.  If you wish to remain up to date on the fundemental and technical status of Exeter Resources, please consider subscribing to our newsletter where we cover stocks like XRA in our portfolio.

We Agree With this Video 100%

Written by MrStockFox. Posted in Interviews

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Uranium Reaction: Point of maximum pessimism

Written by MrStockFox. Posted in Articles

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Strathmore Minerals BO

Written by MrStockFox. Posted in Trade Ideas

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Trade Idea - Coal Stock

Written by MrStockFox. Posted in Trade Ideas

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