Imperial Metals Corp IPMLF

Earnings release!!!

[Madmaxoo7DBM]

How do we feeling about the earnings?

[egss]

Things are improving Mt Polley doing well and RC getting ready for block cave getting closer to sweet spots...also RC has been  spending millions on increasing reserves which has cost III a lot of $$$$ thanks to ME for funding mot could not afford to hang on!LOL

[miningfundi]

The key to III's share price is the Red Chris Block Cave Feasibility Study and the updated Red Chris Mineral Resource. Newmont has drastically slowed down the release of this critical information: we are still waiting for a SCHEDULE from Newmont for that release date - so who knows when we will actually see it. Before Newmont, this critical information was expected in 2023! Good to see that

[miningfundi]

The positive side of the delayed release of the two Red Chris technical reports is that further exploration at Red Chris, particularly at East Ridge, should significantly increase the value of Red Chris as measured by the pending Feasibility Study. For a comparative reference, the 2021 Pre-Feasibility Study valued III's 30% of Red Chris at about C$690 million when III's issued share

[scrooge]

Good: Cash cost per pound at polley down to low $2. Polley making money. Red chris cash cost up to $4.54 per pound. Blend is down to $2.93 Bad: Loss is almost exactly equal to interest on debt. debt has grown from $30M to $300M in 3 years. Better be a plan to wipe out this debt and not grow it.  copper bull run will wipe out the debt in a year.

[miningfundi]

Hi McDuck, better to temporarily finance with debt at 12% interest than take a 50% dilution by equity financing. Also, once III receives the very robust Red Chris feasibility study, it will easily raise cheaper project financing for its 30% Red Chris share, which will also repay the current ME debt. (Assuming Newport hasn't acquired III's 30% Red Chris at a generous price before then).