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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?


To: refugee investor who wrote (288)3/30/2010 2:58:28 PM
From: teevee  Respond to of 1366
 
Do you have any thoughts on the Selkirk properties?

Catface copper porphyry deposit is permitted and located on tidewater. There is also lots of potential for increasing tonnage. I expect the Catface deposit will be developed after Red Chris. I am not very excited about the Revelstoke zn deposit.

Huckleberry is near its end of life. It could be that III dismantles the mill and moves it up to Red Chris? This would be a low cost alternative, with larger scale developments being brown field expansions.

Imperial has conducted some 3-D Titan geophysics at the Mt. Polley mine area. The morphology of alkaline porphyry copper - gold deposits is often "carrot like". I expect ongoing ore replacement and discoveries there.



To: refugee investor who wrote (288)3/30/2010 3:03:25 PM
From: teevee  Read Replies (1) | Respond to of 1366
 
I was surprised to see that there is a small money manager in my home state of NC that holds 500k of Imp shares too.

Considering that the free trading float is only about 13-14 million shares, and is thinly traded with liquidity issues, I am surprised that manager has a such a large position.

I suspect most of the free trading float is held by fund managers and institutional investors. If III ever gets "discovered" by retail, the share price could move up rather violently.