One of the more popular gold stocks discussed recently has been IMC International Mining (CSE: IMCX) (OTC: IMIMF). Shares of the company have seen a great month so far. In fact, since January 8, IMCX has managed to rally as much as 68%. At the time, shares traded around $0.25 CAD and has since moved to $0.42CAD. This has greatly outpaced the broader gold market as well. But this isn’t the only reason IMC International Mining (CSE: IMCX) (OTC: IMIMF) deserves your attention right now.
The excitement surrounding junior gold stocks hasn’t hurt things either. Actually, during times of positive momentum in gold, the juniors have shown to perform much better than their larger cohorts. When this niche does well, juniors tend to outperform the larger gold stocks. Take the VanEck Junior Miners ETF (GDXJ) for example. It has continued to outperform other ETFs like the SPDR Gold ETF (GLD).
As an online financial magazine, The Street properly put it, “the juniors tend to be more volatile than the majors, jumping faster in rallies, and falling further in routs. Now that gold prices seem to be on the march higher we can expect juniors to race ahead of the major gold stocks.”
IMC is built on strong leadership with an eye for big opportunities. Management has been part of the grassroots build of companies that have become large players in the industry. For example, IMC CEO Brian Thurston played an important role in the initial exploration, land acquisition and development of Aurelian Resources’ Ecuador project. Kinross acquired Aurelian Resources in 2008 in a $1.2B friendly deal.
Much of the initial attention surrounding IMC International (CSE: IMCX) (OTC: IMIMF) has been focused on its Bullard Pass property. Not only does it have historic production but geological reports suggest it to hold potential for more gold discovery. One such report went as far as saying, “the mineralogic and structural similarities of the Bullard and Copperstone districts suggest that potential exists for a major gold deposit in the area of the Bullard district.” The company has also pointed out that it looks to expand.
IMC has specifically noted that it will look to continue to investigate other opportunities worldwide. So with this being said, right now could be just the beginning for IMC International Mining and we’ve been following this closely from the start. We hope to deliver more updates as the company progresses.
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