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

To: refugee investor who wrote (587)	8/13/2010 11:35:45 PM
From: not_prudent	Read Replies (1) \| Respond to of 1366

I would think that the $780 million is for their interest in its share of the 9mm oz of gold. If you figure 88% of 9mm X ~ $100/oz in the ground for the Au then $780mm is a ballpark number. I guess they figure that Au has topped out and copper isn't worth anything. Given the numbers, $15 and change has me thinking that this thing is something of a bird's nest on the ground or there is something wrong that no one has figured out. Is management buying at these levels? Seems like a no brainer if there are no surprises waiting in the wings.