Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : IMA Exploration (VSE:IMR) - IMR.V -- Ignore unavailable to you. Want to Upgrade?

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