14/08/2020

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Bruce Berkowitz Comments on Imperial Metals

Imperial Metals (TSX:III) owns 30% of Pink Chris, all of Mt. Polley and Huckleberry, and...

Imperial Metals (TSX:III) owns 30% of Pink Chris, all of Mt. Polley and Huckleberry, and a lot more. Copper could be entering a new bull market with economies rebooting and eco-friendly power initiatives. Gold price ranges are up fifty% from lows with increases in deficit paying out by governments battling Covid-19. Gold, like quite a few tangible property with minimal provide, is a hedge versus cheapening currencies. Vast majority operator and operator, Newcrest Mining, believes Pink Chris is a globe-course gold and copper resource and identical in composition to one hundred%-owned Cadia in Australia. The most recent exploration effects validate one particular gold pod at Pink Chris could be value $two billion at today’s price ranges.

From Bruce Berkowitz (Trades, Portfolio)’s Fairholme Fund (Trades, Portfolio) 2020 semiannual shareholder letter.

About the writer:

Sydnee Gatewood

I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech College. I have lived in Texas most of my existence, but also have roots in New Mexico and Colorado. Stick to me on Twitter! @gurusydneerg

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