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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.


TSX:IMG - Post by User

Bullboard Posts
Comment by bjbearon Jun 03, 2014 10:14pm
341 Views
Post# 22627357

RE:RE:RE:ITS ALL ABOUT LARRY EDELSON'S TOP GOLD PICK!

RE:RE:RE:ITS ALL ABOUT LARRY EDELSON'S TOP GOLD PICK!Sorry but you are wrong about the reason for the pop today. Last week Edelson gave some clues last week in his Real Wealth Report about his stock pick for today's brief. At that time he said his gold pick was around $3.50 and was as high as $24 three years ago. He also said they had reserves of 13 million ounces. Bingo - it had to be Iamgold! Sure enough at today's 2PM brief he broke the news. Look when the stock started going up - at 2PM! Go to his website and read the brief.Anyway I did very well on my analysis. I agree that there are some very good reasons down the road for this stock to do well such as its African mine and rising niobium prices but these would not cause the explosive rise after 2PM today. As Ross Healey pointed out on BNN Market Call last September the shares were trading then at half of book value and had piles of cash on the books. Back then the shares were $5.20 Cdn so you can see how cheap the shares still are now
Bullboard Posts