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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

Post by TuTomekon Jul 21, 2021 3:09pm
235 Views
Post# 33582439

posted on Yahoo Finance

posted on Yahoo FinanceCote gold project has an NPV of $2billion assuming gold price of $1700. This means that company’s ownership of 65% is worth $1.3billion. Company’s enterprise value now is of $0.87billion. So, everything that is currently generating operating cashflow or $440mm per year is for free !!! That’s right…..al the mines that are working now are for free!! Now you understand why I own nearly 200k shares, and why I feel that insanity will end as market realizes there is literally free money embedded in this stock! People are scared of quarterly earnings report and throwing this away…….in 2023 when average person realizes that cashflow is about to explode with Cote mine coming on line the stock will breach $6/share. Owning this stock is way better than owning gold since gold will not double in 2 years, but IAG will !!!
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