Up-coming Drill News - Nelligan ProjectI’m hearing that the latest drill results on the Nelligan project will be released shortly and they are expected to be stellar. According to rumors, this data is exactly what IAMGOLD needs in order substantiate the mineral content of the ore body and to put this property on the selling block. Nelligan should be able to command at least $200 million – enough to take care of the liquidation problem and retain the Cote Gold Mine that’s under construction.
In my last message, I mentioned that the company is standing next to the precipice and if they don’t act swiftly and solve the liquidity problem and support the IAMGOLD share price that is headed towards the CDN $1.50 - $2.00 range. I should have added that if the gold price falls under $1,800 this would expedite the process of the IMG share price to fall lower…
Caveat—Please do your own due diligence…