Bruce Berkowitz Comments on Imperial Metals

- By Holly LaFon

Imperial Metals (III.TO) is improving productivity at Red Chris. The company is heading in the right direction. But, time is of the essence and management knows it needs to move faster. A resolution to near term debt maturities, a joint venture partner for Red Chris, and a fair insurance payment for the Mount Polley dam breach would allow Imperial a promising future given the size and depth of the Red Chris resource, significant copper demand growth from electric vehicles and renewable energy projects, and constrained supply growth. History has shown that commodity prices forge their own anchor.

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From Bruce Berkowitz (Trades, Portfolio)'s third-qurter 2018 Fairholme Fund (Trades, Portfolio)s shareholder letter.
This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 3 Warning Signs with TSX:III. Click here to check it out.

• TSX:III 15-Year Financial Data

• The intrinsic value of TSX:III

• Peter Lynch Chart of TSX:III