Inception Mining, Inc. IMII
IMII is a new interest of ours which has the dual nature of being a stock with an interesting back story as well as being at a good place on the chart. We take notice when both of these conditions are met simultaneously, so without further ado, we’ll present some of the finer points of this play which we believe has good potential.
IMII draws us to the gold mining & exploration sector after quite some time, and the stakes are higher than ever. Today, where gold is priced at more than $1300/oz and trading just a couple hundred dollars beneath recent all-time highs, speculative plays like these can become winners very quickly.
Additionally, Inception has arranged access for itself to some promising mines in Idaho’s Bitterroot Mountain Range. Extreme advantages of the two 20-acre claims are numerous:
-They are patented claims, so despite the fact that they lie within the boundaries of a National Forest, they are treated as private property, without all the red tape to cut though.
–They are already built out and will require little work to be put back to use. The 2000’+ of tunnels have been closed for the last **75 years** while the land has been held in a family trust. The mine was only heavily worked for thirty years, wherein records indicate it produced more than an ounce of gold per ton of extracted ore.
-Conservative estimates place the potential for recoverable gold remaining on the properties in excess of 250,000oz; worth $300-325M on today’s market.
-Inception has secured lease grounds covering all properties necessary for access roads into the U.P. and Burlington claims, which will ensure uninterrupted access.
These factors regarding its primary project combine to make IMII a speculative mining play that we are going to want to keep on our radars moving forward. Should the company begin producing at the expected rate once the claims are operating at full capacity, we could see a serious increase in valuation.
The current IMII chart is awakening after recently bouncing off of a bottom, and even here around the 1.00-mark, we can see significant upside potential. The RSI is cruising steadily toward a breach of the 50-line, while the MACD shows an inkling to execute a bullish cross in the near future. Currently a key area of resistance sits at the 50DMA of 1.04. A break past that point could lead to solid gains, so we’ll have to watch closely.
You can also look at the short video chart we’ve prepared:
FIND MORE INFO on IMII @
www.inceptionmining.com