performing well and looking good

Price: about 2.62

Graph:
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=AU%3AIMA&time=&freq=

With slow STO=80.2, less than last time and looking very well.

The graph can stand a daily rise of about 12-15 cents for some time, IMHO .

I suggested $3 before the positive latest Announcement of 17 Jan:

IMAGE TRIPLES ITS NORTH PERTH BASIN HOLDINGS
TO COVER NEW MESOZOIC TARGETS
Following its successful heavy mineral (HM) exploration at Cooljarloo, Image has extended the scope of its exploration targets to the older basement Mesozoic sediments east of the Gingin Scarp. The thick channel-style mineralisation discovered at Cooljarloo is
interpreted to occur within these older sediments beneath the shallow younger Pleistocene sediments which have been the subject of most of the HM exploration in the North Perth Basin to date.

Image has applied for three large tenements totalling 1100sq km effectively tripling its land position in the North Perth Basin to 1660sq km, as shown in the attached map, becoming a dominant land holder in the region. The most northern tenement, E70/3092 Cowalla,
which extends from just 15km east of the Cooljarloo tenement, contains a prominent interpreted shoreline feature in excess of 40km in length with potential for concentration and exposure of channel-style mineral sands, particularly on the southern end where a
number of drainages transect it.

The central tenement, E70/3100 Quinns Hill, covers several interpreted shoreline features totalling over 70km in length, which are parallel to and east of the Gingin Scarp which hosts the major Eneabba, Cooljarloo, Cataby and Gingin HM deposits.
The eastern tenement, E70/3093 Wannamal, covers an interpreted shoreline feature in excess of 30km paralleling the Darling Scarp and adjacent to the ex-BHP Mindarra HM resource that, significantly, occurs within Mesozoic sediments.

Using the experience gained at Cooljarloo, Image plans to carry out reconnaissance ground magnetic surveys in an attempt to identify channel and potential strand-like features within the Mesozoic tenements in the near future and to follow up significant targets with aircore drilling".