RE:.54 Target on The Post articleNew 52 week high again for MXI of .27. That .54 goal may well be quite reachable after the next drill results. Let's hope we see a double from here by July on results.
IMG hit a new 52 week high today today. The market seemed to like their Q1 results although I am not sure why.....I suppose it is a relief rally as confirmation that they are going to survive for awhile yet. They have a long way to go before they solve their problems, including what they are going to do about their production cliff that will occur in 6-7 years. They have been extremely quiet on Boto so that means it's economics are not looking good or they are holding it back until they acquire 100% of the JV. Trying to figure out IMG's strategy is a bit like trying to figure out why a monkey scratches its b_tt......you know there is something going on down there but even they don't know what it is!