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IMA.t / I-Minerals Inc

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IMA.t / I-Minerals Inc

 

I have been long this one for years - it is getting very interesting now, as the stock breaks out,

and development is set to proceed

 

IMA.t / I-Minerals Inc ... update

 

IMA-10yr_zpsvj7fwhnv.gif

 

About I-Minerals Inc.

I-Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer-Bovill property in north central Idaho. A 2016 Feasibility Study on the Bovill Kaolin Deposit led by led by GBM Engineers LLC, who were responsible for overall project management and the process plant and infrastructure design, including OPEX and CAPEX calculated an After Tax NPV of US$249.8 million with a 25.8% After Tax IRR of 25.8%. Initial CAPEX was estimated at $108.3 million with a 3.7 year After Tax payback. Other engineering services were provided by HDR Engineering, Inc. (all environmental components; hydrology / hydrogeology; road design); Tetra Tech, Inc. (tailings storage facility design); Mine Development Associates (mine modelling; ore scheduling; mineral reserve estimation); and SRK Consulting (U.S.) Inc. (mineral resource estimation). Permitting work with the State of Idaho is well underway.

==

> https://www.imineralsinc.com/news/i-minerals-inc-applies-to-extend-the-expiry-date-of-certain-share-purchase-warrants

 

Presentations: https://www.imineralsinc.com/investors/presentations

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FSE:61M | OTCQB: IMAHF | TSX.V: IMA

Minerals for Economic Growth Yield FS with Robust Valuation


Robust Feasibility Study (“FS”) confirms IMA will be a low cost producer of

four unique high value industrial minerals: K-spar, high purity quartz, kaolin, halloysite;

$108.3m initial CAPEX; $250m NPV (6%); 25.8%IRR (after tax)


Minerals are inputs into manufacturing of products that are consumed in

housing and infrastructure – key contributors to economic recovery

o K-spar: World class: glazes, tiles and sanitaryware

o Quartz: North American class: high end glass and lighting

o Kaolin: North American class:  metakaolin = pozzolan

o Halloysite: World class; plastics, polymers, life sciences


• Easy mine to build: “off the shelf” equipment; 1.5 year build after FS funded

• Basic State of Idaho permitting: receipt imminent; non-metallic mine, no EIS

• Experienced Management led by Thomas Conway (Newmont)

Large insider ownership of ~40% led by Allen Ball ~38%


Opaque mineral pricing = difficult valuation US$250m NPV; $25m market cap

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After Tax NPV of US$249.8 million - could easily Double or Triple to get to Valuation

 

IMA.T ... 2-years : Last : C$0.48 (new high) x 89mn shs = C$42.88 MktCap x 0.800 = US$ xx mn

IMA-2yrs_zpsx2nuoqtr.gif

 

About I-Minerals Inc.

I-Minerals is developing multiple deposits of high purity, high value halloysite, quartz, potassium feldspar and kaolin at its strategically located Helmer-Bovill property in north Idaho. A 2016 Feasibility Study on the Bovill Kaolin Deposit led by GBM Engineers LLC, who were responsible for overall project management and the process plant and infrastructure design, including OPEX and CAPEX calculated an After Tax NPV of US$249.8 million with a 25.8% After Tax IRR.

 

Initial CAPEX was estimated at $108.3 million with a 3.7 year After Tax payback. Other engineering services were provided by HDR Engineering, Inc. (all environmental components; hydrology / hydrogeology; road design); Tetra Tech, Inc. (tailings storage facility design); Mine Development Associates (mine modelling; ore scheduling; mineral reserve estimation); and SRK Consulting (U.S.) Inc. (mineral resource estimation). Permitting work with the State of Idaho is well underway

 

I-Minerals Provides Update on State of Idaho Permitting Process Marketwired

 

Mar 14, 2017 (Marketwired via COMTEX) -- VANCOUVER, BC--(Marketwired - March 14, 2017) - I-Minerals lnc. (IMA) (otcqb:IMAHF) (frankfurt:61M) (the "Company") is pleased to report it is making strong progress with the Idaho Department of Lands (the "IDL") with respect to its Operation and Reclamation Plan ("ORP"). The Company and the IDL are currently on the third round of amendments (ORP III) with the majority of IDL comments having been settled. Meetings amongst the IDL staff, I-Minerals personnel and its engineering consultants including HDR Engineering, Inc. have identified what outstanding items the IDL believes are necessary to approve the ORP.

 

On February 21, 2017 I-Minerals gave a presentation to the Idaho State Board of Land Commissioners (Land Board). The Land Board provides oversight and directs the IDL, and the Board is comprised of the following state-wide elected officials; the Governor, the Attorney general, the Secretary of State, the State Controller and the Superintendent of Public Schools. The presentation highlighted the contributions the project is forecast to make to the State Endowment Fund which supports the public education system in Idaho and the creation of numerous good-paying jobs in the Bovill area of north Idaho. Based upon the mineral price deck used in the 2016 Feasibility Study by GBM Engineers, LLC the Company's Bovill Kaolin operation is forecast to contribute over $3 million per year to the State Endowment Fund. In addition, third party EMSI modelling predicts the creation of up to 139 direct and spin-off jobs with average annual earnings per job of almost $53,000, representing an increase of over $7 million in annual direct and indirect payrolls as compared with the status quo.

 

The Bovill Kaolin operation is a comparatively small, long life, low impact industrial mineral mine that will produce quartz, potassium feldspar, kaolin and halloysite. The project's current operations possess and are therefore subject to a federal Clean Water Act NPDES stormwater permit for "mineral mining," i.e., for non-metal operations. Thus, importantly, the project will not be subject to the more onerous metallic "ore mining and dressing" permit during full project operations. Production is forecast to be about 1,000 tons per day with about 67% of the material extracted being beneficiated into mineral products with the balance reporting to tails. The design includes a closed flotation circuit and dry-stacking of tails that will report to a lined tailings facility as part of a "no discharge" circuit which recycles process-water within the plant.

"The Bovill Kaolin operation is a small mine that we have made great effort to design in as low an impact a fashion as possible," stated Thomas Conway President and CEO of I-Minerals.

  1. Previously: March 07, 2017 /

    I-Minerals' Pilot Plant Work Update Marketwired
  2.  

    "With the completion of our Feasibility Study and good progress being made towards our Operation and Reclamation Permit, customer interest in our mineral products is getting very strong," stated Thomas Conway, President and CEO of I-Minerals Inc. "Several customers have tested small quantities of our mineral products from prior pilot plants and are now requesting larger samples, often for use in making a trial batch of their end product. All our products are very high purity, but our Fortispar™ is simply outstanding and generating some of the best chemistries of any K-spar product available anywhere and our halloysite with the best published aspect ratio and no cristobalite or deleterious heavy metals is also a world class product as there are no other known halloysite deposits that can produce the volume and quality of our Hallopure and Ultra Hallopure products. With other supplies of SCMs into our target markets suffering from limited availability (fly ash), inconsistent pozzolanic results (unprocessed pumice), or too high priced (Georgia metakaolin transported to the Pacific Northwest), our Bovill Metakaolin has the attention of the major cement companies and infrastructure construction companies. This is getting very exciting."

    The MRL pilot plant just completed resulted in about 1,900 lbs of K-spar being produced. A total of 9 runs were made through the pilot plant which averaged about 14.4% K2O, 18.3% SiO2 with only 0.03% Fe2O3 in the runs reported in the news release of January 31, 2017.

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Pushing the highs, looks set to breakout

 

xx

 

(this news may be helping):

  1. April 25, 2017

  2. I-Minerals Hallopure™ Halloysite Granulates Successfully Tested as Gas Absorbers for Treatment of Biogas for Powering Fuel Cell Systems Marketwired

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The temporary rally to 60 cents was triggered by this

 

I-Minerals Receives Operation and Reclamation Plan Approval

 

- It has pulled back to 50 cents now

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Wither the Junior explorers?

 

Will they follow I-Minerals higher?

 

IMA - etc ... update

 

IMA-etc_zpspmaawlgm.gif

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IMA's Correction may be almost over

 

IMA.t ... update

io3ttw6.gif

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