If one thing’s been consistent it’s this: when we call an “official stock alert,” we continue to report on it. Our goal has always been to set ourself apart from everyone. Our brand has become synonymous with all things penny stocks and we want to make sure you, our readers are receiving the most up to date information possible.
At the start of the month, we issued our very first Penny Stocks alert on IMC International Mining (IMIMF)(IMCX). At the time, gold was (and continues to be) heating up and the economic situation across the globe was highly suggestive of a similar trend not seen since the financial crisis.
And if you remember, from the time that the crisis began in 2008/2009 through the next few years, gold prices ran to all-time highs. The best part is that small-cap gold stocks were some of the biggest movers of any names in gold!
IMC International Reaches New Records!
Over the last few weeks, we’ve witnessed, first hand, the momentum that the gold sector has seen. As far as IMC International Mining (IMIMF)(IMCX) is concerned, timing has become a big focus. Not only has the company just completed a major acquisition, but it’s also been hitting the ground running.
On several corporate conference calls, both CEO Brian Thurston and Chairman Greg Hawkins explained the potential of this property. Specifically, its location is between two proven mining sites. Not only that but Cathedral is essentially a virgin property that has demonstrated similar mineralogical potential as the other two established mines.
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.
The other proven claims have been worked on by some of the biggest names in the mining industry. This includes Royal Gold via a streaming deal with Centerra. For reference, Cathedral is between the Mt. Milligan and Kemess mines. The Centerra-owned Mt Milligan copper-gold porphyry deposit contains a combined Measured and Indicated Mineral Resource of 243.9 million tons at 0.134% Cu and 0.226 grams per ton of gold, containing 717.7 million pounds of copper and 1,769,000 ounces of gold. Kemess produced roughly 3 million ounces of gold and 700 million pounds of copper over the life of the mine.
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.
On April 15th, the company announced that Jeffrey Reeder, B.Sc., P.Geo., has been appointed to the Company’s Technical Advisory Board. Aside from a long history of mining achievements, his expertise within this region specifically could be a big asset. Reeder has hands-on experience working at Mt. Milligan and South Kemess. Since the beginning of the month, IMC International Mining (IMIMF)(IMCX) stock has climbed over 75% and the crazy part is that this could still be just the beginning.
Timing Is Everything
So if you’ve been following IMC International Mining (IMIMF) (CSE:IMCX) or have just started looking at this company, understand that timing is very important right now. That’s not just in consideration of the price of gold, but also the potential near-term milestones ahead.
On April 13th the company announced that it just sent rock and soil samples out for testing. In simple terms, this is the time where we’ll likely get a “look under the hood” as they say. The location of Cathedral, the Quesnel Terrane is definitely exciting. Considering that Quesnel hosts past and planned production, you could see why IMC International Mining (IMIMF) (CSE:IMCX) has targeted this region.
But what could be even more exciting is if the company’s samples come back with good, results showing the potential of the property, specifically.
[Read the April 13th Announcement] IMC International Mining Corp Announces Commencement of its Analytical Geochemical Program & Sends Rock and Soil Samples for Lab Testing
Could this be a “right place, right time” scenario? You be the judge
But what we can say is the following:
- The global economic situation is supportive of a bullish gold market & gold prices are soaring
- During times of gold rallies, gold penny stocks tend to outperform the rest of the sector
- IMC International Mining (IMIMF) (CSE:IMCX) has just completed its multi-million dollar Thane Minerals acquisition
- IMC International Mining (IMIMF) (CSE:IMCX) is now awaiting results from over 460 samples submitted for lab testing
- Incoming Chairman, Greg Hawkins doesn’t put his stamp of approval on just any property. Not only does he have decades of experience, but he has also built companies that were part of at least 4 major mining company acquisitions that were collectively worth more than $2 billion in deal size.
These are just a few of the big highlights from the last few weeks. We were asked for a stock alert and so far IMC International continues to reach new milestones. What’s next?
Click Here To Start Your Research On IMC International Mining
