Imc Exploratio. Share Price (IMC)

LINK : https://twitter.com/IMCEXPLORATION/status/1172866675290624001?s=20

Gold caught investors’ attention again this week as experts predicted its price could soar to highs of
$2,000 an ounce within the next two years.
In a research note, Citigroup analysts said slowing global growth and potential interest rate cuts in
the US could drive the gold price up, as investors seek to reduce risk.
Soaring prices also prompted The Royal Mint to announce its intention to launch a gold-backed exchange traded commodity (ETC) in response to rising demand from investors. The new ETC will allow savers to invest in the yellow metal without having to buy physical gold.
“For thousands of years, gold has been recognised worldwide as the ultimate means of trading and storing wealth,” said Anne Jessopp, chief executive of the Royal Mint.
The price of gold has risen by 18 per cent this year, reaching more than $1,550 an ounce this month for the first time since April 2013.
Fears that trade tensions between the US and China could cause a global downturn, continuing unrest in the Middle East and continuing uncertainty around the UK’s Brexit negotiations have all given the precious metal a boost.
Although gold is a non-yielding asset, it is perceived as a safe harbour for investors amid gathering market storms said Vincent Ropers, portfolio manager of the TB Wise multi-asset growth fund. “It is a classic inflation hedge. Indeed, in times of economic uncertainty, gold is considered impervious to the actions of centralised institutions.”
Experts also see gold as a good diversifier and enduring store of value. This is because the price of gold tends to move in a different direction from other assets such as equities.
Robin McDonald, head of multi manager investments at Schroders, said: “We’re pretty bullish about gold on a 12-18 month view, believing that it has a decent chance of helping diversify a balanced portfolio in ways that bonds struggle to do with such low yields.”
He added: “In the event of a potential downturn we are optimistic that gold will perform strongly, particularly as the policy response will probably involve zero or negative rates, more money printing and fiscal expansion that will result in the market questioning expectations of long-term low inflation.”
Adrian Low****, head of personal investing at Willis Owen, said gold’s ability to act as a store of value was attractive. However, he warned that in the short term the gold price has become more susceptible to speculators and added: “The price is arguably more volatile as investors can more easily move in and out of the asset class.”
Mr Low**** suggested investors should hold no more than 5 per cent of their portfolio in gold. “It is an asset class different from any other and acts as an excellent way to diversify your portfolio as well as an insurance policy to protect your wealth,” he said.

READ THE FULL ARTICLE HERE : https://twitter.com/IMCEXPLORATION/status/117286667529062400

On 11th Sept I M C posted above resource estimate,
I see the Copper value would be approx $14.4 million
Lead would be $13.40 million

Silver would be $10.80 million
Gold would be $30.00 million
Zinc would be $ 6.30 million
Total is $74.90
These were the prices on the day, remember this is tailings dump, so no mining needed and I think the Government would be quite happy to have it all cleaned up. There is also other licenses the Company has and other minerals also. I have invested here and believe its only a matter of time before its snapped up by a bigger Company. In other words I think its a bargain?

More interest in this share now, starting to move?

Someone paid 1.78p for a small amount. I can see the ask just keep rising on small volume for now.

And can't get a quote to buy anything at the ASK. Looks like could tick up again imminently