Tuesday, November 3, 2009

ITRO: Good entry point: .0024-.0025

     I stumbled upon this company while doing some research.  Itronics Inc. is an inventor and developer of the beneficial use photochemical, silver and water recycling technology that produces environmentally beneficial GOLD'n GRO fertilizers and silver bullion. It is an environmental process technology company that has developed technology for photochemical recycling. The Company, through its subsidiary, Itronics Metallurgical, Inc., extracts more than 99% of the silver and virtually all of the other toxic heavy metals from used photoliquids and use this beneficial use photochemical, silver and water recycling technology to produce environmentally beneficial chelated liquid fertilizer sold under the trademark GOLD’n GRO, animal repellant/fertilizer to be sold under the trademark GOLD’n GRO Guardian and silver bullion. It also provides development planning and technical services to the mining industry. The Company has two business segments: GOLD’n GRO Fertilizer and Mining Technical Services.

      What a pair of distinct products from recycling.  Pure silver buillion and high mineral fertilizer.  This company is a pink sheets company.....but they are just getting cranked up.  Silver has increased phenomenally in price and Itronics has begun cranking out this high mineral fertilizer in where else but California.  (I wonder if sales are up in Medina).  The Silver aspect of this company really excites me.

      "The volume of nutrient metals produced will have a noticeable impact on reducing the costs of raw materials needed to manufacture its line of GOLD n'GRO liquid fertilizers while increasing silver production by over $3.6 million. The Company also said it would be able to recycle steel wool recovery cartridges used in the photo industry, dramatically increasing the source of silver-bearing materials -- and the nutrient metals needed to manufacture fertilizer." - taken from an Itronics press release on Oct. 22.

     I started following this stock at .0016 and have seen it raise to .0036 (52 week high).  This stock is its infancy.  It currently is at .0033 but it mostly fluctuates between .0028 to .0031.  I'm hoping it dips back down so that I can get in a little lower to make a little more profit.

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