RE:RE:RE:Gold on a tearHi topgunn
the company you refer to was Trelawny mining
sold to IMG with about 5 million ounces at cote proven and inferred about 10 years ago.
IMG has been flat for so many years for two reasons imho
1) there has been a brutal bear market in gold stocks especially junior golds for over 5 years.
2) it took IMG a long time and a lot of money to complete the drilling at Cote to see exactly what they had purchased from Trelawny, not to mention the cost of building this mine
It seems both of these factors are now behind us and there should not be much holding back the stock price save a complete collapse in the price of gold.
Profits from Cote should be sufficient to fund further drilling at Nelligan which may well prove to be another Cote
here's wishing
glta
edmed