POSITIVE OUTLOOK IMG/IAGAs a long term shareholder, I’m always interested on how my investment is performing and I enjoy sharing my views with the shareholders. My outlook for IMG/IAG is brighter and shiner than ever, especially with the recent gold discovery of the Gosselin ore zone and the potential major ore bodies at Nelligan and Monster Lake. We need more delineation drilling to determine ore content and size of the gold discoveries. Company must upgrade the initial or resource.
In my deliberations, I’ve always taken the high road because I’ve found the scenery to be much nicer. I may be the No. 1 enemy of the short traders because for the past year, I’ve always said, “Do not sell your shares at these ridiculously low prices, use this low price environment as a buying opportunity”. And I say most emphatically, that I stand by my statements. If you are not pleased with my statements or my optimistic outlook for IMG/IAG, please press the ignore button.
I have followed my consistent message to the letter, “As a long term shareholder, I’m all in and I’m still optimistic that we are going get through this difficult period and I’m still expecting a big upside in the gold price over the next few months because of the seasonality factor. “Be patient, Sit tight and BE right”!!
TD Investment Conclusion: We are maintaining our BUY recommendation and our target price of C$6.00.
(This estimate may be too conservative if the gold price continues to rise.