Now Things Are Getting Excited
This week has been quite exciting as we brought you our first Penny Stocks alert ever: IMC International Mining (IMIMF) (CSE: IMCX). Hopefully, by now you’ve read the full report – and if you haven’t, click here and read it now.
Not only have gold prices begun to head higher, during conditions like this, but junior gold stocks are also the ones to watch. The main reason behind that idea is that while they tend to fall faster in routs, they also rally further when gold prices move higher. Over the last two days, we kept our finger on the pulse of IMC International and progress in the market.
Since it trades in the U.S. and Canada, there were 2 milestones reached so far. First, in the U.S. IMIMF saw its highest trading volume in history (so far) and in Canada, IMCX reached fresh, all-time highs of $0.55CAD. All-in-all, IMC has followed along in a very bullish way as gold prices are back in motion. But we believe this could be just the tip of the iceberg for the company.
This week, IMC International Mining Corp (IMIMF) (CSE: IMCX) closed its latest and likely most important acquisition to date: Thane Minerals. Why this is so important is that it puts the company in the middle of one of the most prolific areas for gold discovery in the world. Meanwhile, on a corporate call last week, incoming Chairman Greg Hawkins explained that his goal is to see IMC begin exploration by May and start drilling before the end of the year.
Hawkins is no one to overlook. He’s been in the business for decades, his previous endeavors have resulted in big buyouts, and as he explained on the call, he’s staying on to see the Thane project through because of the massive potential he believes it to have. Next week there will be another call that aims to go into more details on this latest acquisition so we hope to have more information following the call on April 7th.
Make sure that you take time this weekend to get a look at the last announcement from IMC International and Sunday we’ll have another update coming! Now let’s get you some extra details before you go into your weekend quarantines.
We’ll Say This Again: Location Is The Biggest Reason Why IMC International Commands Attention Right Now
The latest acquisition of Thane Minerals brings with it 100% ownership of its Cathedral property is located in an area called the Quesnel Terrane between two established mines: the Kemess Mine and Mt. Milligan Mine. The Mt. Milligan mine, in particular, should be a big proof point to why this area is so valuable especially for a company like IMC International. The mine is owned by Centerra Gold and one of the leading gold streaming companies, Royal Gold (RGLD) has an interest in Centerra’s Mt Milligan project as well. I bet they’ll be hungry for more if gold prices are set to surge, too!
Rider: It is noted that the results of nearby or adjacent properties are not necessarily indicative of the potential of the Cathedral property and should not be understood or interpreted to mean that similar results will be obtained from the Cathedral property.
Like incoming Chairman Greg Hawkins said on a recent corporate conference call, there’s an active audience of waiting to see the next big discovery out of this region of British Columbia. Considering the fact that gold prices are climbing back above $1,600 an ounce, the closing of this deal could be perfect timing for the company.
Now, you might be asking why alert IMC International and not something like Yamana or Kinross. Besides the fact that those stocks have very large share structures in comparison and because those stocks have much higher prices, they’ve already had their successes like so many other gold stocks that ran back in 2008-2012.
New Potential Ahead
Now it’s time for the next generation of junior gold stocks to profit handsomely from gold’s next big move. Don’t believe me? Look at some of the monsters from the last big gold rush:
Roxgold investors who played the last big gold boom saw shares skyrocket from $0.38 to nearly $2.30… 497%
-Investors who bought shares of gold company New Gold Inc. prior to the big gold market move, saw the stock trade below $1.50 and road a wave to highs of more than $14… 1,167%
-Victoria Gold Corp moved from just $0.11 to highs of $1.55 during the last gold rush… 1,309%
-Guyana Goldfields traded under $0.70 just as the last gold rush hit, with early investors that could have ridden that momentum to highs of $11.79… 1,609%
-Early buyers of Wesdome Gold saw the stock at levels under C$0.50 and had a chance to ride that to highs of nearly $6… 1,722%
You wanted it and we’re delivering
Disclaimer: Pursuant to an agreement between Midam Ventures LLC and IMC International Mining Corp. (CSE: IMCX) (IMIMF), Midam has been paid $200,000 for a period from January 7, 2020, to February 14, 2020. Midam has been paid an additional $200,000 and extended its period of coverage to March 14, 2020. Midam has been paid an additional $200,000 and extended its period of coverage to July 9, 2020. We may buy or sell additional shares of IMC International Mining Corp.(CSE: IMCX) (IMIMF) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about IMC International Mining Corp. (CSE: IMCX) (IMIMF). Full disclaimer here.