Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, June 20, 2008

Article Excerpt

Watch Pat McKeough’s June 20 interview on the Business News Network “Market Call” program with Michael Hainsworth. Click on: http://watch.bnn.ca/market-call/june-2008/market-call-june-20-2008/#clip61441 to see the interview. Or, go to www.bnn.ca and you’ll find the link on the lower right side of the page. IMPERIAL METALS, $9.30, symbol III on Toronto, rose to as high as $10.50 this week after the Canadian Federal Court of Appeal overturned a lower court decision that had blocked environmental approvals for its Red Chris copper and gold mine in northwest British Columbia. Environmental group MiningWatch Canada had challenged the 2006 environmental approvals. Subsequently, in September, 2007, the lower court ruled that the federal environmental review was procedurally incorrect. Imperial acquired the Red Chris property in February, 2007, and aims to build a $228 million open-pit mine on the property. A feasibility study estimates that Red Chris could produce 1.8 billion pounds of copper and 1.2 million ounces of gold over a 25-year mine life. There is also room to add…

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