Thanks Tom, it is a good article. I have also found it on IMA's HomePage. For anyone else that would like to read it, go to:
imaexploration.com
and click on the March 10th update. You might also spend some time looking at what is going on with IMA and all the maps and pictures of the area.
By the way, one sentence in the "Conclusion" section of Jay's article really stood out:
" If you are looking for a 1,000% + gain in the junior resource sector in the near term, we think this company has as good a chance as any other on our list because IMA's extensive properties are certainly in "elephant" country."
I don't know about you, but I could sure figure out a way to use the proceeds from a 1,000% + gain from the current price!
Now, I wrote the above part about "spending the gain" and had to do something else. As I was gone, I started to think about it. I must admit, the 1,000% + looked good. That is until I stopped to think what the price would be from $1.00 times the 1,000%. For Pete's sake, that is only $10.00 a share. I do not expect $10.00 a share from IMA. I expect IMA to do as they did with Viceroy (VOY.T) and send me a bunch of shares of Barrick, Homestake or any other Gold producer that wants one of the properties.
Let me get this into prospective: Homestake bought out Argentina Gold at $7.82/share with 37,000,000 shares outstanding. The area was not as developed as it is now. Now, they know a lot more about where the gold is located.
IMA has 14,562,000+- shares fully diluted, about the same amount of property, much more research on the property, the gold market is much improved, we are in the middle of everyone, I can't even remember all the things that put IMA into a MUCH BETTER position than Argentina Gold.
I don't know about you, but with IMA having less that half the shares that AG had, I expect at least 2.5 times the $ per share that AG got. That means $20.00+ a share worth of the buying company's stock for just ONE property. I have not counted lately, but I remember something like 27 properties are owned by IMA. Maybe not all properties are as good as Valle del Cura, but I think IMA has just started to let us know what they really have. Maybe others will prove out to be better!
I sure screwed up not reading Jay's article, I am all hyped up again on IMA and it's future! I guess others are also, look at the price of the shares soar! And to think, we are just at the ground floor. |
