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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.980+2.1%Nov 10 3:59 PM EST

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To: refugee investor who wrote (788)3/3/2011 12:37:17 PM
From: teevee  Read Replies (1) of 1366
 
It is safe to assume that exploration expenditures will go to zero. If metal prices stay up, that will free up about $25 million/year, or about $75 million of the needed 400 million. Financing will be needed for at least $325 million.

Yes, Red Chris is the asset that can transform Imperial Metals into a larger and stronger company, on a strong growth track. In addition to brown fields opportunities at Red Chris, Cat Face development will follow, but at least 5-7 years away.
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