OTCPK:BRNGF - Post by User
Post by
Peak675on May 07, 2011 2:27pm
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Post# 18544811
Imperial Metals and Red Chris
Imperial Metals and Red ChrisI posted this on Imperial Metals but thought some here might be interested re Red Chris. I have both III and BRU.
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20110506/GIEYESWEB0506ATL
Imperial Metals Corp. (III-TSX)
Close: $20.78, up 29¢
Imperial Metals Corp.'s Red Chris copper-gold project in B.C. hassecured all permits to come on-stream as a 30,000 tonne-per-dayoperation at the end of 2013. But CIBC World Markets analyst IanParkinson sees further upside. "We believe investors are buying theoperating assets and Red Chris as permitted, but receiving a likelyexpansion plus development assets for free," he said.
Upside: Mr. Parkinson initiated coverage of Imperial Metals with a $36 price target.