New Power Lines
I believe, if you look at the Red Chris map, and the new proposed road in from Hwy 37, that imperial is looking to build their powerlines out to Hwy 37 along that road.
I assume that the powerlines will then be built south to Bob Quinn to hook up with the end of the new project.
I also assume that the reason the stock has taken off lately is the finalization of the planed Northwest power line project.
By the way, Imperial has not yet contracted to tie into the lines. WHY?
What I cannot understand is why Imperial Metals is not explaining this better to its investors. Is there not a better way to get news out to us then to post it on their web-site? The web-site is not being kept up-to-date with this info - which I consider signifigant - obviously as do the people buying the stock lately. But you have to delve into every news event to find stuff out!
In any case, it looks like a three year project. I cannot see III stock price going much higher than $27-$28 until closer to that date.
No matter what they say, I have to believe the cost of getting the minerals out of the ground has to be very expensive on the operating cost side.
All of the developement coming ia great, but I see it is as a long term hold until 2013 if you want much more out of this stock.
PLEASE - let's keep everything pertinent to making money on this bullboard.