Opinions
Jeff Parent B. Eng. FCSI CIM
Intercontinental Gold and Metals Ltd.
ICAU-X
WEAK BUY
May 02, 2008
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.
$0.750
Stock price when the opinion was issued
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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.
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