04:42:24 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



IDM Mining Ltd
Symbol IDM
Shares Issued 282,972,850
Close 2016-12-02 C$ 0.145
Market Cap C$ 41,031,063
Recent Sedar Documents

Kwantes says why to buy sponsor IDM Mining

2016-12-02 21:48 ET - In the News

James Kwantes, in the Nov. 2, 2016, edition of Resource Opportunities, tells readers why to buy IDM Mining Ltd., recently 17.5 cents. IDM is a sponsor of the newsletter. Mr. Kwantes said buy IDM on March 13, 2016, at 11 cents. A $1,000 investment then is now worth $1,590. IDM recently completed a 10-hole drill program at its high-grade Red Mountain gold project in British Columbia. Highlights included eight metres of 20.20 grams per tonne gold, 15.43 metres of 10.97 g/t gold and 7.44 metres of 12.18 g/t gold. Finding high-grade gold is clearly not a problem for IDM; the real challenge lies in the nitty-gritty details of mine development, such as permitting and construction. Mr. Kwantes has faith that IDM's "determined team," which includes chief executive officer Rob McLeod and executive chairman Mike McPhie, will be able to carry out the company's plan to start with a small-scale mine and then expand it over time. A final investment decision on the mine is expected before the end of 2017. At current gold prices (in Canadian dollars), IDM's timing could be "sublime," reckons Mr. Kwantes. He concludes that the stock is significantly undervalued.

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