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Gold/Mining/Energy : symbol:IRU......IMA RESOURCES

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To: Albert Tam who wrote (2)10/22/1996 8:37:00 PM
From: Jonathan Hansen   of 14
 
Albert I beg to differ,

"Don't expect too much"...?

Perhaps if you are just looking for a quick flip this is not the stock
for you. But if you want a SOLID junior exploration company - this is a company you should expect a TON from!

Hmmm let me see:
- Excellent results from the Salamanca property
- 50/50 JV on their properties in Viceroy
- Bema / Arizona Star find is 70 Km to the north and on the same
belt of mineralization (maricunga). The maricunga has produced
many significant finds on the Chilean side of the border.
- CIBC Wood Gundy recommends Ima as a buy
- Pacific Securities covers them in their newsletter -( Wendell Zerb
is an authority on Argentina and picked Mansfield at 2.25)
- Nesbitt Burns just started covering them in the "Gold Review"
- Covered by The Hard Rock Analyst
- Followed by The Ground Floor ( a US publication)
- Also followed by The Canadian Speculator

...a junior with a BUY recommendation from a major , conservative
brokerage house and coverage from 2 others! How many juniors have that
kind of respect from industry mining analysts?

Their first property - the Salamanca comes up a winner and they are
going to do a 2nd phase drill program on it. They have just started work on thier major properties - the Las Flechas property and soon the Coipita which is contiguous to Barricks' Coipita property and also Battle Mountains property.

Anyone interested should pop over to Imas' web site
www.imaresource.com

Albert if I misunderstood your post I apologize.
I think I might have because you had enough interest to post a follow-up in regards to thier latest news release.

This is a killer company.
The ONLY problem these guys have is they don't have any retail support. That should be remedied soon as thier promotions start to kick in. This is a new company...maybe 7 months old so they are just getting going in the market but they have done a ton of work to get here - 6$ million worth.

I would expect to see them do a financing soon to do further work on the Salamanca property. And I would expect to see more liquidity come into the market as promotions kick in and they get heavily into their work on their major properties. It should heat up substantially between now and Christmas.

Yes a have a position in Ima.
And yes, I expect alot from them! :-)

Happy Hunting,
Withrow
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