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Gold/Mining/Energy : IMA Exploration (VSE:IMR) - IMR.V

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To: James N. Wilson who wrote (455)	6/15/2001 9:55:44 AM
From: russwinter	Read Replies (1) of 520

I've been accumulating this one lately. Although it's still real grassroots at this stage, you aren't paying anything for it: @ 32 the mkt cap is US 3.4m and they have a little over a million in cash. They seem to keep postponing drilling, but spoke with mgt. and they start at Rio Taboconas (formerly called Tamborapa) in August. The prospect at this stage looks as good as anything out there: imaexploration.com go to property updates, then cross section and gold geochemistry paths. Mouth watering! But, this one isn't all, as RTZ has JVed their Mogote concession immediately south of TNK's Vicuna. The deal calls for $8.85 m for 70%. RTZ is serious about this Vicuna-Magote structure as they also have a $10 m deal with TNK. IMO they already have a major discovery (that the market is asleep on) at Vicuna. The ABX deal on IMA concessions near Veledero and Pascua is really the third best prospect in the stable? I'm not even expecting much there, but it also could certainly deliver.

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