Gold mine, increasing production, controlling costs.

Among the 42 companies in the fund's portfolio are six real standouts in year-to-date performance. Canadian miner San Gold (SGR.Canada), which is looking for the precious metal in the Rice Lake region of Manitoba, returned 136.7%. Osisko Mining (OSK.Canada) is developing a gold deposit in northeastern Québec, and is up 89.8%. Vancouver-based Minefinders (MFN), which is producing gold in Mexico, has jumped 68.9%. Toronto's Iamgold (IAG), which has a number of gold properties in Africa, has gained 90.2%. Impala Platinum (IMP.South Africa) of Johannesburg, which produces platinum in southern Africa, has risen 51.1%. Then there is Randgold Resources(GOLD) with a number of properties in Mali and other spots in Africa; its shares are up 36.3%. "Unlike last year, when rising production costs for things like oil, steel, chemicals and labor squeezed profit margins, [those costs] have been declining this year, while gold prices, which were weak in 2008, have been rising in 2009," Johnson says. "As a result, gold margins are getting quite wide, and that should drive prices higher for mining stocks."

I Am Gold is different.

ownership

Although the company has operational deficiencies, and cash costs that are somewhat higher than other miners; this is the most undervalued gold stock in the sector when you take into account gold approaching $1000, and basic accounting ratios p-e, ROE ect.

gold

A well diversified mid size gold miner with an interesting growth strategy and quickly improving financials.

After this clears $9 we'll see a strong continuation after it breaks the strong resistance.

GOOD GROWTH PROSPECT

growth

looking at options

But I would trade that $8 support level