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Gold/Mining/Energy : symbol:IRU......IMA RESOURCES
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To: Aloysius Lo who wrote (8)12/10/1996 8:20:00 PM
From: Jonathan Hansen   of 14
 
Hi Aloysius,
Personally I think IMA may run a bit faster than ORS because they will most likely have a much more aggresive PR campaign. IMA also sounds like they will start expanding into their own properties where ORS may just stick with what they have...which is pretty damn good already!
Good points about Primo...and they don't have anywhere near the quality of properties that IMA/ ORS have. And they certainly don't have the institutional following that IMA has. The company that is taking down the Placement is Research Capital - a small high quality firm out of Toronto -their involvement alone adds a ton of wieght to IMA...not to mention the fact they are being followed by CIBC, Nesbitt Burns, and Pacific Securities amongst others. How many juniors have you ever owned that have this kind of institutional backing so early in their development?!
I agree with you that once these guys get onto the Coipita and are eye
to eye with Barrick it should be a lot of fun. But I wouldn't discount
the Las Flechas property. This is a major target that also has home run potential and they are currently trenching 1 of 6 targets on the
property.
Notice the uptick on the close today?
Financing should be announced anyday and I'm hearing rumours that the copmany is very excited about the first results from the trenching on Las Flechas.

Good Luck

J.H.
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