Imperial Metals Corp T.III

Newport reporting of Red Chris Block Cave

[miningfundi]

The only useful project reference to Red Chris in Newport's quarterly report is the description of the Red Chris Block Cave as a "development project". Not really surprising in the context of the huge size and scope of Newmont's properties. Since Red Chris is materially important to III, let's hope its quarterly report (early August) will include a complete description of the status and plans for Red Chris, including the Feasibility Report.

[Temeraire2]

Cheers to hope!!!   .....and Boos to more 12% borrowing. 

[impe]

Unfortunately the Australian report from Newcrest was not released, which has different reporting standards. Now we wait for Newmont, who has US standards which are different again. Tighter drilling spacing etc. Obviously they are ming the block cave, as the development of it has never stopped.