Lawrence Roulston
Intercontinental Gold and Metals Ltd.
ICAU-X
TOP PICK
Mar 04, 2008
Base metal play with a world-class molybdenum tungsten deposit in New Brunswick. Built out from a historic resource and within weeks will be announcing an update on drill results. 1st economic assessment showed a value for the project that was a multiple of the company’s current market value. Looking for another assessment that he expects will be even better.
Tungsten. Has good support at $.70 with resistance from $1.05 to about $1.15. The stock is waiting for some news. Volume is quite sporadic and has entered into a very narrow range. You might want to trade for $.10. Really requires news to move it. If it drops below $.60, Sell.