Why Invest Now?
(TSXV: IMR | AMEX: IMR)- One of the few mining juniors to have a strong treasury; Currently $24M
- Trading more than 40% below cash value; 46 cents of cash per share offering limited downside risk
- Experienced management with a track record of discovery success; IMA management discovered both the Gualcamayo project now owned by Yamana Gold Inc. and the Navidad project now owned by Aquiline Resources Inc.
- Recently announced new project; The Island Copper Project which has 20 targets capable of producing new discoveries and was acquired for $0.01 per in-situ pound of copper
- BHP operated the Island Copper Mine, one of the porphyry structures in the area; in production from 1971 to 1995 and was Canada's 3rd largest copper mine
- The Island Copper Project contains 6 remaining porphyry structures; only 1 with advanced exploration offering the potential for significant resource growth and a standalone operation
- Hushamu Porphyry Deposit has NI 43-101 Resources; 2.93M ounces of gold and 1.75B pounds of copper or 2.92B pounds as a copper equivalent Project page
- Ideal mining infrastructure already in place from previous BHP mine; Deep-Water Port, BC Hydro power line, Roads, Skilled-workforce and located for easy ore transport direct to Asian and Indian markets
- Currently reviewing other potential acquisitions; projects with known resources and significant exploration upside potential
- Business model; acquiring under-explored defined resources, making new discoveries and advancing them to full feasibility
- Imminent 5000M drilling campaign; potential new acquisitions and cash on-hand to fully fund
The market has not yet recognized the vastly discounted share price and the opportunity that exists with the $24M treasury. With this cash we are well-positioned to take advantage of the current mining and exploration consolidation which offers asset acquisition at discounted prices.
Looking at our first acquisition, IMA was able to acquire the resources for $0.01 per in-situ pound of copper. Many brokerage firms currently value copper resources between $0.02 and $0.05 per in-situ pound in the ground.
*** Please note that all investment decisions should be discussed prior with a licensed investment advisor to determine suitability.
