Latter breakout news could drive / spark turnaround in beaten down TRKP
| TurkPower Corporation to Acquire Majority Interest in Operational Iron Ore Mine in Turkey Marketwire09:00am EDT | ||
TurkPower's Chairman Ryan E. Hart stated: "This is a great day and milestone for TurkPower and its investors. With the purchase of controlling interest in the operational Kuluncak iron ore mine, TurkPower is taking its first step toward its goal of becoming a leading junior mining company in Turkey. The purchase adds a tangible and operational asset to the Company's balance sheet and leads to expected profitability in 2011. It also gives the Company leverage and credibility for future mining ventures and acquisitions in the booming mining industry of Turkey."
Tobin Smith of NBT equities research on it: .30 stock worth $1 by end of year purely on the conclusion of this deal in iron ore only…the zinc and lead resources that come along with the mine property look like another $1.50-$2 a share as they are proved out…based on our inititial review of the mining reports…could be more<?XML:NAMESPACE PREFIX = O />
