Inmet looks attractive at this price (~$58). If I recall correctly, this is approximately the price LUK picked up their additional IMN shares from the final Las Cruces transaction. I expect IMN to be acquired within the next couple of years, for $80 per share at a minimum. Given the large ownership positions of LUK and Temasek such a deal is quite realistic. Perhaps Minmetals will return to the market.Even if IMN is not sold, the solidification of a partnership agreement for the development of Cobre Panama will likely increase the value of IMN stock. PWC Global Mining 2011 Deals Review & 2012 Outlookhttp://www.pwc.com/ca/en/deals/m-a-industry-briefing.jhtmlRecent Inmet Presentationhttp://ir.inmetmining.com/events/Upcoming-Events-Webcasts/Inmet-Mining-Presentation-at-the-BMO-Capital-M-(1)
I'm ticked off. I watched Inmet fall to like $37, considered loading up, got distracted with other stuff, and now it's back around $70. Stupid.
join the party!
Very attractive. Especially with $4 copper still rising.
oh yeah...Inmet would be on the radar of most of the bigger miners. Great properties and the potential in Panama is tremendous.