Will EVGI rally like my last precious metal alert which moved 50
BullRally Newsletter
%3D More on EVGI Make sure EVGI is on your watch list, as the upward momentum may just be starting with the recent developments from the company! The slow increase in volume could be a very positive signal! USPR (U.S. Precious Metals, Inc) an alert from a few weeks ago quickly rallied over 50% on no news. EVGI looks much more promising with their pending financing deal in place.
Don`t forget that EVGI is not a mining company so they don`t run the risk of drilling and finding nothing. They process the material instead using a proprietary technology, a lot like a recycling facility.
People have been rushing to buy gold this year making the metal break records left and right. This is turning out to be the 11th year of gains for the precious metal! This summer alone gold saw a crazy ride and it hit a record of $1,921.15 an ounce earlier this month. Citigroup has said that if sovereign debt concerns increase, gold could extend this record as high as $2,500! Metals will continue to be a safe haven in uncertain times.
This could be very advantageous for EVGI who has a precious metal extraction plant.
Gold is up over 30% this year so far! EVGI (through Eco Minerals Recovery Group) operates a 5,000 ton per year ore processing facility at its Groveland, Florida headquarters. The facility extracts precious metals including gold, silver, platinum, palladium and rhodium.
This is accomplished without the use of traditional toxic mineral leaching agents like arsenic and cyanide.
The Company eventually plans to bring the facility online to its maximum capacity of 10,000 tons of concentrated ore per year! This new facility was manufactured in conjunction with EVGI`s partner in the project, Raptor Technology Group, Inc. Working with Raptor, EVGI has developed a unique process to extract target precious metals.
First, EVGI will construct a pre- concentration system that would be located at a mine site. Using Raptor`s hydro-separation technology, water will be pumped through a separation column, allowing the heavier concentrated ores to be separated off at different molecular weights.
This process will “pre-sort” the materials, reducing the amount of ore to be shipped to EVGI`s final extraction facility in Groveland, Florida and reduce costs.
Once the pre-sorted material arrives at the extraction facility, the final extraction process creates a mineral-rich slurry that can consist of 90% or more of the targeted precious metals!! This slurry is then sold directly to mineral processors.
EVGI CEO Randall Lanham has stated, “This is an important milestone for Eco Ventures. We have invested considerable capital and resources into this project and are proud of what we have accomplished to date.” “With plant infrastructure already in place for expansion, Phase 2 of our mineral extraction plan will increase the capacity of this facility to a total of 10,000 tons of concentrated ore per year,” added Lanham.
EVGi has three core business activities: 1. precious metals extraction 2. advanced biofuel production, and 3. the growth and importation of fast growing, oil rich feedstock crops and oils for biofuel production.
According to DOE projections, US production of biodiesel could climb to 2.5 billion gallons per year by 2020! It is estimated that over the next five years, the use of biomass products as an alternative energy source could reach $10 billion per year! EVGI`s Eco Energy Group will produce advanced biodiesel in its soon to be completed 3.6M gallon per plant! The biodiesel plant will use reclaimed cooking oils know as yellow grease and virgin oils to produce ASTM certified quality biodiesel.
Yesterday EVGI announced a Firm Letter of Commitment from a private funding group for $15.3 million dollars. This big financing deal could help the company significantly move forward with their operations.
For more information on EVGI, visit their website at: http://ecoventuresgroup.com Always do your own research and consult with a financial professional.
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