RE:RE:Excellent Red Chris and Mount Polley news!Since the sale of 70% of Red Chris to Newcrest, I consider III to be a late exploration, early development company, not a production company. Under NCM's management (fortunately), a revised Mineral Resource, and an economically robust block and cave Prefeasibilty Study has been issued. A Feasibility Study is scheduled for late this year followed shortly, I expect, by a construction decision. Under NCM's project management, I expect project financing for Red Chris to be on favourable terms.
In addition, I expect NCM to establish a significant additional Mineral Resource for the East Ridge of Red Chris by about mid-year.
So NCM has created significant intrinsic value for III. Strong current III production results would be great, but they should not be the focus, in my opinion.
Patience ...