RE:RE:RE:In formation from the CEOLassonde's Curve. That's my take. Also IMG is busy with Cot Gold ( financial & human ressources) . As soon as Cot Gold gets closer to production the focus from IMG on Nelligan will increase a lot. Too valuable for them. They will not wait the end of construction of Cot Gold to get busy on Nelligan in my opinion but the next year might be a little slow.
But that's only 1 part of the equation. That's if IMG doesn't get swallowed by a bigger name. With Cot & Nelligan deposits at only MC of 1.8B CAD they can be a great target. Cot Gold has north of 7Moz and counting ( on a 100% basis ) + Nelligan + the other mines... Detour Gold was taken out at almost 5B so IMG with cash in the bank + mine prospects might be on the M&A radar with some producer looking to increase their reserves.
If that happen then the project might be accelerated. All that depends also on the price of Gold obviously also. The price of Gold as the power to lift all the boats if it get pass it's previous peak. In the meantime, I like to accumulate as much shares as possible but as I said previously I am accumulating in differents names and also differents commodities. I believe this is a fair entry point for a proper risk/reward. It was too expensive for me at 1.25-1.50 as the potential was maybe only 2X. but now at this price with a potential of 4-5x I believe the risk/reward is worth considering for my basket.
GLTA