Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, January 22, 2010

Article Excerpt

IMPERIAL METALS, $16.33, symbol III on Toronto, jumped 13% this week. That’s after the Supreme Court of Canada ruled that the company’s Red Chris copper/gold project in B.C. can proceed. Environmental groups had challenged the project because the federal government accepted permits issued by the B.C. government without conducting its own environmental assessment. Drilling at Red Chris continues to reveal very high grades of copper and gold. A feasibility study shows that the project contains enough reserves to support a mine with a 25-year life. The mine would eventually replace declining production at Imperial’s Mount Polley and Huckleberry mines. Imperial’s shares are up 712% since March 2009, and 74.8% since we recommended the stock as a buy in our November 13, 2009, Stock Pickers Digest Hotline at $9.34 a share. We still see the stock as a buy for aggressive investors. However, we think you should sell half of your shares if you have doubled your money or more. DUNDEEWEALTH INC.,…

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