From IMG's quarterly results press release of May 11..how do they know it has a "very attractive return on capital"..we haven;t seen the PEA yet. looks like there is a very attractive return on the $3.30 share if we SAY NO!
Mr. Letwin further commented, "We have been clear about the strategic direction for our company, and look forward to expanding our gold production pipeline through the proposed acquisition of Trelawney. This transaction offers a very attractive return on capital. Trelawney's location in northern Ontario will give us a much more geographically balanced production profile. Its large defined resource will increase our global resource base by close to 30% and has expansion potential. Trelawney is an excellent strategic fit and dovetails perfectly into our project development timeline. At the same time, the ground work is being laid for the Niobec expansion and we're developing a plan to bring our rare earth elements to market."