11:21:41 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Independence Gold Corp
Symbol IGO
Shares Issued 55,490,392
Close 2017-01-20 C$ 0.23
Market Cap C$ 12,762,790
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Kwantes refreshes Independence Gold buy

2017-01-20 21:21 ET - In the News

James Kwantes, in the Jan. 5, 2017, edition of Resource Opportunities, refreshes his buy of Randy Turner's Independence Gold Corp., recently 19.5 cents. Mr. Kwantes said buy three times from Aug. 8, 2015, to Nov. 2, 2016, at prices ranging from eight cents to 18 cents. Assuming a $1,000 investment for each of the three buys, the $3,000 position is now worth $5,020. Mr. Kwantes lauds Independence's chief executive officer, Mr. Turner, as a "close-ology expert." Close-ology is a buzzword, not always complimentary, that references proximity to resources or mines. In Independence's case, its high-grade Boulevard gold project is on the western edge of the Coffee deposit, owned by Goldcorp, which also owns 19.9 per cent of Independence's shares. Past drilling highlights from Boulevard include 12.2 metres of 7.23 grams per tonne gold and 10 metres of 4.56 g/t gold. Independence has plenty of money to continue running its small-scale exploration programs at Boulevard, with $6-million currently in the treasury. Mr. Kwantes is gratified that the stock has more than doubled to 19.5 cents since he first recommended it in August, 2015, at eight cents. He continues to see "plenty more upside here."

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