Charles thanks for another interesting ‘mining minnow’ story to research. Sadly I was still researching UFO after your recent story when it rocketed! Keeping an eye for an entry point if it dips…
I wondered if you'd ever heard of IMC Exploration, another minnow which despite its name is actually a gold producer, about to start ramping up production, and with significant resources in both Ireland and Armenia? Gross resource valuation at today's prices of $1bn+ (I appreciate in-ground valuation is a lot less..), market cap £5m.
Yep - really strong assets for the market cap and mining licence just renewed. However, management don't interview much (or at all) which suggests investment case might struggle under moderately intense questioning....that may or may not be the case, but either way that's how it looks. Rockfire -same issue!
Yes good point, hopefully that might change once production starts ramping up this year. They didn't really have much good news/progress to report in the last couple of years.
Charles thanks for another interesting ‘mining minnow’ story to research. Sadly I was still researching UFO after your recent story when it rocketed! Keeping an eye for an entry point if it dips…
I wondered if you'd ever heard of IMC Exploration, another minnow which despite its name is actually a gold producer, about to start ramping up production, and with significant resources in both Ireland and Armenia? Gross resource valuation at today's prices of $1bn+ (I appreciate in-ground valuation is a lot less..), market cap £5m.
Yep - really strong assets for the market cap and mining licence just renewed. However, management don't interview much (or at all) which suggests investment case might struggle under moderately intense questioning....that may or may not be the case, but either way that's how it looks. Rockfire -same issue!
Yes good point, hopefully that might change once production starts ramping up this year. They didn't really have much good news/progress to report in the last couple of years.
Hi Charles will you be writing up re today’s RNS?
Not immediately but at some point