IAMGOLD Corp (USA) (NYSE:IAG)

Currently at low end of trading range. If gold keeps gaining, this will ratchet higher quickly.

Huge prove reserves and beaten down price make this mining stock ready to move way up as precious metals make a rebound with worsening world wide economic news.

low peg

M!

9/18/11 Options Predictor Rank #39. P/C Ratio 0.095 and Call Sizzle 3.081.

Took a hit at earnings but with commodities on the rebound over just the next few weeks.

Paulson pick. Morningstar also tagged it as a potential takeover target

From MarketWatch, Aug 19, 2010: IAMGOLD today announced that its Essakane gold mine in Burkina Faso has achieved commercial production effective July 16, 2010. The plant began to process material to test circuits in late June 2010, reaching the throughput, production and other operational standards to meet commercial production requirements beginning July 16, 2010. The plant has since met those performance criteria consistently for the necessary 30 consecutive days (the 'Start Up Period") to declare commercial production.

During the Start Up Period, the Essakane mine processed an average of more than 16,000 tonnes per day, exceeding the 60% hurdle rate of design throughput required to establish commercial production. Ramp up continues, and during the first half of August, the Essakane process plant has been operating at approximately 75% of design capacity. During the Start Up Period, the operation produced an estimated 17,400 ounces of gold that indicated a gold recovery rate above 95%, effectively at feasibility design levels. With the July 16, 2010 start date, Essakane is expected to produce 165,000 to 175,000 ounces of gold in 2010 (on a 100% basis) at a cash cost below $400 per ounce (including royalty). The Company currently expects that Essakane will produce an average of 315,000 ounces of gold per year at an average cash cost of between $400 and $410 per ounce over the initial mine life expectancy of 12 years, however, based on recent exploration success the Company expects to expand the project.
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The sell off of the highly profitable miners today did not make much sense given their very good second quarter numbers and the expectations for higher gold prices in the second half of the year. With the India and China continuing to show growth, they will likely continue their PM purchases and may also consider direct investments in the PM miners. Compare IAGs financial numbers with the better non-miner companies to see why I believe the current sell off is another buying opportunity.

http://www.google.com/finance?q=NYSE%3AIAG

anti bridgeboy

Profile

IAMGOLD Corp.
401 Bay Street
Suite 3200
Toronto, ON M5H 2Y4
Canada - Map
Phone: 416-360-4710
Fax: 416-360-4750
Website: www.iamgold.com

Details
Index Membership: N/A
Sector: Basic Materials
Industry: Gold
Full Time Employees: N/A

Business Summary
IAMGOLD Corporation, together with its subsidiaries, engages in the exploration, development, and production of mineral resource properties worldwide. The company primarily explores for gold, silver, zinc, copper, niobium, diamonds, and other precious metals. It holds interests in seven operating gold mines, a niobium producer, a diamond royalty, and exploration and development projects located in Africa and the Americas. The company primarily explores and develops Essakane project in Burkina Faso, the Westwood project in Canada, and the Quimsacocha project in Ecuador. It was formerly known as IAMGOLD International African Mining Gold Corporation and changed its name to IAMGOLD Corporation in June 1997. IAMGOLD Corporation was founded in 1990 and is based in Toronto, Canada.

***All above information from YAHOO FINANCE***

great upside potential in current,futures markets

Decent cash position with expected 2009 production near 950,000 ounces of gold. Over 20 million ounces of gold reserves.

Because Peter Schiff is an idiot.

WILL DOMINATE

Gold is going to $1200 and this is a good mining company with strong fundamentals. I look for it to stay above $12.50 before October options expiration.

There is less momentum, less volume, and less buying going on. We are in the last part of this rally.

The 1929-1930 equity rally (coming out of The Great Depression) lasted 147 days and the market was up 46%. It has been the same amount of time since the March, 2009 low and we are up about the same percentage. It’s déjà vu (paramnesia), so prepare for a drop of about the same percentage (85%).

I bought this stock back in march for 6.55 a share. Ive practically doubled my money already. Iamgold is probably one of the best if not the best run gold mining company I've seen in a long time. I think IAG will be 14 in a very short time, and will not stop there. "The great consolidator" , Barrick will most likely have there eye on this one as I'm sure Newmont and Goldcorp will too. A merger between them and Agnico Eagle would make alot of sense being that IAG owns the new monster mine opening up 2.5 miles down the road from Agnico's Flagship. and Agnico just tripled there credit limit to 900 million a few days ago. Maybe someone is looking to by something?

hyperinflation is unavoidable