best penny stocks to watch today

Penny Stock IMC International Mining (IMIMF)(CSE:IMCX) Surges Higher On Key Update

When it comes to penny stocks you can’t ignore the potential. For the better part of the last 3 sessions, we’ve put a focus on our recent Penny Stock Alert: IMC International Mining (IMIMF – Free Report) (CSE:IMCX) and for good reason. Since our report was published on April 1, we’ve watched as this gold penny stock has reached new heights on some of the most active sessions in the history of the company being public.

If you’ve read any of our previous updates on IMC International, you’re likely seeing exactly why we said that during times of gold prices moving higher, the junior stocks are some of the best to keep an eye on.

Since April 1, we’ve watched as IMC has rallied by as much as 36% which may be just the beginning considering everything going on with the company:

IMIMF IMCX 462020

If you look at some of the gold sector giants like Barrick (GOLD) or Newmont (NEM), they definitely are due their recognition. But a 10% jump for Barrick gold stock and an 8.6% jump for Newmont over the course of the same 3 sessions doesn’t compare in our opinion. This is the beauty of gold penny stocks. On top of that, IMC International has been in the middle of more than just a rally in gold prices. The company has hit some key milestones that deserve your attention.

IMC International Mining (IMIMF) (CSE:IMCX): Top Gold Penny Stock To Watch

If you’re just tuning in, gold prices have just reached new highs on April 6th of $1,715.80. While this is still a few hundred dollars off of the all-time high for gold, that doesn’t negate the fact that the sector is hot right now. At the same time, our new alert, IMC International Mining (IMIMF) (CSE:IMCX) is red hot as well; rightfully so.

The initial excitement surrounding the company stemmed from a pending acquisition announced in late-February. This is when IMC signed a letter of intent to acquire Thane Minerals and its Cathedral Property in British Columbia. Over the month to follow, IMC signed a definitive agreement as well as formally closed on the acquisition lat week.

On a corporate conference call, incoming Chairman, Greg Hawkins explained the importance of the location of the Cathedral claim. He further stated a robust strategy to begin exploration by the summer and digging before the end of the year. Well, in a recent update, that plan may have just realized some near-term progress. On April 6, the company announced that it has engaged CME Consultants Inc. to conduct exploration and prospecting on the Company’s Thane Property including the Cathedral Prospect.

Following the announcement, shares of IMCX in Canada reached all-time highs of $0.64CAD and its U.S. counterpart, IMIMF hit highs of $0.49USD on record trading volume. The company will also be hosting another conference call on April 7th to discuss additional information about the project and we would think this latest update could also be a topic of discussion.

Why The Cathedral Project Could Have Big Potential For IMC

This 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 (IMIMF) (CSE: IMCX). 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 the last 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 $1,700 an ounce, the closing of this deal could be perfect timing for the company.

Aside from the other projects surrounding Cathedral (like Mt. Milligan), the Quesnel itself has shown significant mineralization supportive of big potential for gold discovery. The area has been host to past and planned production. For more information on IMC International, Click Here.

Is Gold Just Getting Warmed Up? We Think It Could Be

Gold prices have started to boom again. Mid-March, gold dropped with the rest of the market as investors took to safe-havens to cover margin calls. But now that things are a bit more clear for the markets, the normal economics of gold is getting back into gear. We’re seeing the results of this, first-hand and that could mean gold is just getting warmed up.

Why is gold one of the most important things investors should have an eye on right now? Here are just a few of the key factors that support momentum in gold stocks and the gold market:

1. Mounting economic debt
2. Low & potentially negative interest rates
3. Quantitative easing
4. Weakening currencies
5. Massive geopolitical stress

Do any of these sound familiar? Of course, they do and while others are looking to take advantage of small swings in big names, during times of a bullish gold market, the junior gold penny stocks have historically outperformed. We’ve caught a small glimpse of that this week as gold prices surge higher.

You wanted it and we’re delivering:

We’re Calling An Immediate Stock Alert On IMC International Mining Corp (IMIMF) (CSE: IMCX) and here’s why:

  1. IMC International Mining (IMIMF)(CSE: IMCX) closed on a multi-million dollar acquisition of a company with 100% ownership to a property in one of the most prolific areas for gold discovery in the world. It also just began exploration and prospecting.
  2. The company’s new Chairman, Greg Hawkins has over 50 years of industry expertise and has been part of at least 4 major mining company acquisitions collectively worth more than $2 billion in deal size.
  3. The current global financial climate is perfect for a bull run in gold. Precious metals thrive in an environment that has low/no interest, slowing world economies, weaker currencies, and low Treasury yields.
  4. The full ramifications of Coronavirus are still yet to be realized and likely still months away from showing the true economic impact. That could mean a long runway for gold’s next bull run.
  5. Small-cap gold stocks perform the best during gold rallies and given the latest developments by IMC International Mining (IMIMF)(CSE: IMCX), it warrants a closer look by the market.

Start your research now if you haven’t done so already and stay tuned for more updates.

gold stocks to buy

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.



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

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