Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: Stephen O who wrote (7601)	1/26/2010 12:00:25 PM
From: teevee	of 8273

Obviously nothing of a material nature. No doubt at least a few major mining companies have put Imperial Metals in their rollodex. It takes a lot of capital to develop a new mine, especially underground block caving. Any mine development financing that involved equity would put Imperial Metals in play as it would dilute control below 50%, so I believe that option is the least likely. In my opinion, it is most likely that mine development of Red Chris will be done by giving up a percentage of concentrate flow for development capital ( III developed Huckleberry and Mt Polley mines by giving up a percentage of concentrate flow for mine development money). If you have been following major mine and exploration developments over the last 20-30 years, you may recall that RTP put up expansion money for FCX's Grasberg deposit in exchange for a percentage of future concentrate flow. Since then, RTP has become involved in other deep high grade copper deposits (Oyu Tolgoi, Pebble, and Resolution).

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