Exciting announcements coming up that could push the price up to that $3 target (summary of Activities Report):
Cooljarloo North: Resource estimation on Target 1-Hyperion strand: expected to be reported to the ASX/market: November. Cooljarloo: Testwork on composite strand and channel samples in progress to provide information for product pricing and marketing purposes. Bootine, Cataby West, Quinns Hill and Wannamal (North Perth Basin): Ground magnetic surveys to outline heavy mineral drilling targets continuing. Serpentine Lakes (Eucla Basin): land access agreement between Image and Pila Nguru native title holders anticipated paving the way for the grant of the tenement soon thereafter: November. Major diamond drilling program to commence at Emu Lake: November/December. Kambalda West JV (Nickel Projects): Airborne survey targeting ultramafic sequences interpreted from aeromagnetics: December. Woodline JV (Gold): Newmont/Sipa are planning follow-up drilling close to Image’s holding: 2008.
Disclaimer: I hold IMA, why wouldn't I
IMA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
