IAMGOLD Corp T.IMG

NEW/OLD REVELATIONS

[Luke555]

An agitated investor asked me, “Why are you so positive and optimistic about IMG/IAG”? Today, the stock traded at a low $2.91 CDN and #2.30 USD!

My response was as follows:

First, the IMG/IAG stock is not a good investment vehicle for impatient short term investors that want overnight results. There are greener pastures for these high risk takers. Over the years, this has been a go to stock for the short traders.

Secondly, as a long term investor and looking at the bigger picture, I believe that the investment downside risk is very low and I see this as a golden investment opportunity for long term investors. I’ve been at this game for a long time, and here are SOME of the salient reasons that allow me to sleep well.

 Looking at the asset mix:

• Company approaching cash value. It’s incredible.
• Recently discovered a high grade values, Gosselin Ore Zone. Adjoins the Cote Gold Mine. Could stand alone!
• Exploration drilling has intersected significant amounts of ore on the Nelligan property as well as the satellite property, Monster Lake. Potential for major ore bodies.
• Cote Gold Mine under construction and progressing well. Initial gold production estimated in the range of 400,000 ounces of gold annually. This additional annual gold production will elevate IMG/IAG to a 1 Million ounce producer.
• Recently discovered a high grade property, Gosselin Ore Zone. Adjoining the Cote Gold Mine.
• Exploration drilling has intersected significant amounts of ore values on the Nelligan property and the satellite Monster Lake project. Drilling results are forthcoming, Thanksgiving??? Nice to get an updated resource estimate!
• Need a more and more aggressive delineation drilling program in order to determine ore content, grades and size of the ore bodies! I’m told that the Nelligan ore body configuration lends itself to an open pit mining method rather than sinking a shaft! Under this mining method you can move a lot more ore daily.
• I expect the gold price to trade in the $1,800 range for the 3rd quarter. This should give a boost to the cash flow report and provide enough cash flow to allow the company's operation to be self-funding. 

I’m still expecting a big upside in the gold price over the next few months because of the seasonality factor, high US debt, runaway inflation, and the global running of the money printing presses.  MY MESSAGE IS SIMPLE “Be patient, Sit tight and BE right”!!

I’m expecting the short traders and the naysayers to get really riled up with my positive outlook on IMG/IAG. There’s an old saying, “AS CAPTAIN OF THE SHIP, IF IT GOES DOWN, I’M GOING WITH IT….