GOLD STOCK IN FOCUS:
IMC International Mining Corp.
(CSE: IMCX) (OTC: IMIMF)
The coronavirus has created a worldwide panic but it has also shed light on one of the biggest buying opportunities of our time.
Despite the brief pull-back in the price of gold, this small dip amid a massive gold rally could be offering one of the best chances to invest in gold, now.
Why gold? It has acted and continues to act as one of the best safe-haven investments ever seen before. Gold prices dropped about 15% from its 2020 highs while broader markets like the S&P dripped nearly 30%! While gold undeniably dropped, it didn’t drop nearly as much as the markets and for one reason: investors needed to take money out of gold positions to cover margin calls in the S&P and Dow.
Gold did exactly what it was supposed to do but RIGHT NOW, the next opportunity is presenting itself and if you missed the first 2020 gold rally, start paying attention immediately. The Federal Reserve just cut rates to 0%; yes zero! This unprecedented move was made to ensure the Fed would have enough fire and cushion for the U.S. economy to operate smoothly after the blowback from the coronavirus was fully realized.
In addition to cutting rates, the Fed also introduced a massive program where it would buy Treasury debt and mortgage-backed securities at a pace of $500 billion and $200 billion respectively “over the coming months.” This is the perfect storm for a gold rally and, in turn, a massive opportunity to capitalize on junior gold stocks!
Where is The Golden Opportunity Right Now?
TheStreet.com is one of today’s top financial websites which was founded by Jim Cramer, the host of CNBC’s Mad Money. According to a recently published article by TheStreet.com, it may be time for investors to give their attention to the “little guys” aka the Small Cap Gold Stocks. Within this article, TheStreet.com talks about the big advantages of investing in small-cap gold stocks hold above blue chips saying, “the juniors tend to be more volatile than the majors, jumping faster in rallies, and falling further in routs.”
Now that gold prices seem to be back on the march higher, we should be able to expect juniors to race ahead of the major gold stocks. Which could be the best junior gold stock to watch right now? Look for ones expanding and spending money to build out a global footprint instead of consolidating and going into “preservation mode”.
IMC International Mining Corp. (CSE: IMCX) (OTC: IMIMF) Presents Immediate Growth Opportunity After Latest Acquisition
Why should gold stocks be a focus if they’re expanding through acquisition and shelling out money during a time of market downturn? The simple answer is that gold performs incredibly well during times of low rates and economic panic. The last gold rally began in 2008, lasted for 4 straight years and saw the price of gold rise 129.7% along the way. Similarly, we’ve just begun to see gold rally once again and what began in 2019 could be just starting to warm up in 2020 after this latest reset for gold.
Also, when talking about timing, it’s important to look for gold stocks that have weathered the latest rout in gold. One of the only ones, which is also a small-cap gold stock, is IMC International Mining Corp. (CSE: IMCX) (OTC: IMIMF). Not only has the junior gold stock managed to reach new highs in 2020, while every other gold name has retreated this quarter, but IMC has also managed to weather the storm and trade sideways at the same time.
What this suggests is that those holding shares of IMC International Mining Corp. (CSE: IMCX) (OTC: IMIMF) value this stock enough to not take money out of their investment just to cover losses in the broader markets. But this is just the tip of the iceberg.
IMC International announced that pursuant to its February letter of intent, the company has formally entered into a definitive agreement to acquire Thane Minerals. This not only adds to the company’s current asset portfolio but also gives IMC direct access to one of the most prolific regions in the world.
The First To Strike Gold?
Thane holds a 100% interest in the Cathedral property, located in north-central British Columbia. The Cathedral Project covers 51,136 acres and is situated in the Quesnel Terrane along with the northeast contact of the Hogem Batholith. This is a suite of rocks hosting porphyry copper-gold deposits.
The northern part of the Quesnel Terrane extends from south of the Mt. Milligan Mine northward to the Kemess Mine, with the Cathedral property located midway between these two copper-gold porphyry deposits. There are currently six areas with significant copper mineralization. It also includes areas of high-grade silver and gold mineralization.
But the fact that Cathedral is still in a relatively unexplored portion of the northern Quesnel Terrane means that IMC International Mining Corp. (CSE: IMCX) (OTC: IMIMF) has a real opportunity to strike gold first!
Just look at the figures from these other mining claims. It highly suggests that the IMC International Cathedral property could have the same if not greater potential for gold and other precious metal discovery in our opinion:
The Mount Milligan copper-gold porphyry deposit contains a combined Measured and Indicated Mineral Resource of 243.9 million tons (Mt) at 0.134% Cu and 0.226 grams per ton (g/t) of gold, containing 717.7 million pounds of copper and 1,769,000 ounces of gold as well as an Inferred Mineral Resource of 11.0 Mt at 0.306 g/t gold and 0.125% Cu, exclusive of Mineral Reserves.
The Kemess Mine produced approximately 3 million ounces of gold and 700 million pounds of copper over the life of the mine. Near the Kemess Mine is the Kemess Underground Project, also owned by Centerra Gold. This separate deposit is currently in the development stage and has not been approved for production.
Keep in mind that outside of Kemess and Mt. Milligan claims, the Quesnel Terrane hosts past and planned production of 50 billion pounds of copper, 28 million ounces of gold, and includes 16 producing and development projects.
In addition, the company has 100% ownership of another property called the Bullard Pass in Arizona. The Bullard Pass Property is located approximately 23 miles west of Wickenburg, Arizona within the Pierce mining district. The property currently consists of 22 unpatented claims in three distinct blocks totaling 454 acres.
If You Build it They Will Come
This deal comes with the Thane team as well, specifically Greg Hawkins, MSc, PGeo. If you aren’t familiar with this industry veteran, now’s a good time to pay attention to the facts. Not only has he been involved in the mining, exploration, and investment industries since 1969, his track record of success could be unlike anything you’ve seen before.
Greg Hawkins is a veteran within the mining & exploration sectors and public markets since 1969. His successful track record is second to none!
Mr. Hawkins was the Founding Project Consultant and/or Founding Director of seven public and private Exploration/Development ventures including Brohm Mining, Banro Resource Corp, African Gold Group and other companies that were eventually acquired for millions and even billions of dollars:
Tagish Lake Gold Corp – Acquired by New Pacific Metals, a company with a market cap of over $760 Million. Hawkins is also the current Director of the company.
Yellowhead Mining – Acquired by Taseko Mines for nearly $20 million.
Dayton Mining – Acquired by Pegasus Gold Inc. for $390 million.
Nevsun Resources – Acquired by China’s Zijin Mining for $1.8 Billion.
Prior to any acquisitions, his ventures collectively have accounted for over $2.1 billion in market cap at the companies’ respective peaks.
He’s also been variously responsible for the identification and/or delineation of 10 mineral deposits in Canada, USA, Chile, Ghana, Mali and Zaire (DRC). He has also participated in or been responsible for the definition of at least one resource/reserve in every case, with six of those cases resulting in production in the USA, Chile, Ghana, Mali, and DRC.
Top Management With Decades Of Experience
Brian Thurston, P.Geo President,
Chief Executive Officer
Corporate Secretary, Director
Mr. Thurston is a professional geologist and holds an Honours Bachelor of Science degree in Geology from the University of Western Ontario. Mr. Thurston has over 26 years’ experience working as a geologist around the globe including North, Central and South America, Africa and India. He has experience working on projects from grassroots to feasibility level. Mr. Thurston was instrumental in the initial exploration, land acquisition and development of Aurelian Resources’ Ecuador grassroots exploration and held the position of Country Manager in Ecuador from 2004 to 2006.
Chief Financial Officer
Mr. Charlton is a Chartered Professional Accountant (CPA) with over 7 years’ experience working with junior mining, oil, gas, blockchain and cryptocurrency companies in the public sector.
Mr. Lalani is an accounting and finances professional with over 9 years of experience covering audit, financial reporting, corporate finance, and operations management.
Mr. Aujla brings over 16 years of experience as a lawyer, director, and officer for both public and private companies. Mr. Aujla was previously a corporate lawyer who worked with international law firms. He has experience advising companies in financial services, corporate mergers and acquisitions and commercial real estate in various jurisdictions.
Key Point To Consider Right Now With IMC International Mining Corp. (CSE: IMCX) (OTC: IMIMF)
- The Coronavirus and or COVID-19 has set the world ablaze with fear, anxiety & global economic uncertainty. This is leading investors to jump into “safe haven” investments, such as Gold Stocks.
- The flight from stocks and into gold has begun once again as Fed rates have been slashed to 0%.
- According to a recently published article by TheStreet.com, it may be time for investors to give their attention to the “little guys” aka the Small-Cap Gold Stocks.
- IMC International Mining Corp. (CSE: IMCX) (OTC: IMIMF) has strategically positioned itself to take full advantage of gold prices, right now. The latest acquisition deal puts the company in the middle of one of the most prolific regions for gold discovery in the world!
- Over the last 20 years, gold prices have been on the rise consistently, standing the test of time. The last 7 years have seen a huge rebirth in a bull market for gold. Throughout the 1st quarter of 2020, the price of gold continues to rise & have even seen new 7-year highs!
- The key to scoring big with gold stocks is to be ready before the big move comes and to be in front of the right gold stock opportunity.
GoldStocks.com is owned and operated by Midam Ventures, LLC. 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 April 30, 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). Click Here For Full Disclaimer.
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