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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.880+0.5%Nov 14 9:30 AM EST

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To: refugee investor who wrote (549)8/4/2010 4:16:52 PM
From: teevee  Read Replies (1) of 1366
 
No, I don't subscribe. Roulston is thought to have a good insight as a geologist. I don't know what his track record is like.

Timing wise, the road shows and community meetings come to an end mid October. Assuming approval for the power line follows immediately afterward, with shovels in the ground, III will have to have financing lined up as it is their intention to have the mine built by completion of the power line, so when the power line is completed, they can tie and and "throw the switch" at Red Chris. This will involve pre-stripping, construction of the mill and tailings storage. If I am correct, the stock could make a good move within the next couple of months to facilitate financing. I expect financing could be a combination of:

1) bringing in a major as partner
2) common share sale (least likely as control block will not want to put "control on the street")
3)debt in the form of preferred shares and or debentures of some kind
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