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

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To: Ross Mickey who wrote (10)11/17/1996 3:30:00 PM
From: Jonathan Hansen   of 14
 
Hi Ross,

Just recieved a fax from IR. IRU was just recommended by the
Canaccord 50, a micro-cap investment report published by
Canaccord Capital Corporation. They project a 6 month target of
$2.25.

--- I got that as well and one should note that the top 50 isn't just
the top 50 junior mining companies - it covers all sectors I believe. I like that - 2.25 from the analyst...they are generally conservative in their targets.

Other newsletter writers have mentioned that IMA will respond
better because of its PR and Oro Belle's Viceroy connection.

--- I was told IMA owns part of Oro-belle as well???

Jonathan
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