highlights of IAMGold's presentation at Denver Gol Highlights from IAMGOLD's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
IAMGOLD (IAG : NYSE, IMG : TSX | BUY, US$15.00)
• Highlighted exploration and in-fill drilling program at newly acquired Cote Lake and Westwood coming online.
• Rosebel expansion definitive agreement expected to be signed with Surinamese government by YE12.
• Sadiola sulphides, comfortable with Anglo as a partner, in final stages of negotiating power purchase agreement for sulphides plant.
• Resource update for Cote Lake expected in October incorporating drilling to August 1. Additional resource update expected with year end results.
• PFS for Cote Lake should be started Q4/12, full feasibility expected in 2014, and construction forecast in 2015.
• Aggressive 2012 drilling program of 750,000 m progressing well.
• Two resource updates on Cote Lake project are pending. First expected in October based on assays through July and a second update expected in December based on assays through October. Pre-feasibility due mid-13 and feasibility expected by the end of 2014.
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.