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Imperial Metals Corp T.III

Alternate Symbol(s):  IPMLF

Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company’s holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100% by Mount Polley Mining Corporation, a wholly owned subsidiary of the Company. The property encompasses about 24,096 hectares (ha) consisting of seven mining leases and 52 mineral claims. The Huckleberry copper mine in west-central British Columbia is 100% owned by Huckleberry Mines Ltd., a wholly owned subsidiary of the Company. The property encompasses about 25,767 ha, consisting of two mining leases and 49 mineral claims. Red Chris Development Company Ltd., a subsidiary of the Company, owns a 30% beneficial interest in the Red Chris copper/gold mine in northwest British Columbia.


TSX:III - Post by User

Bullboard Posts
Post by teeveeon Nov 25, 2017 11:47am
161 Views
Post# 27030764

lots of life left in Mt Polley

lots of life left in Mt PolleyIt is noteworthy that there are over 400 million tonnes of ore remaining in the Springer pit. Tailings and water are being pumped out now and it will be actively mined again. Also the extra trucks etc from Huckleberry going to Red Chris will accelerate the push back and stockpiling of low grade, high clay ore. If copper prices continue to co-operate, there is a good chance that improved cash flow will be a major consideration in pushing forward loan due dates.. Imperial has a reasonable chance of producing their way out of their balance sheet and debt problems. Otherwise, the company will be restructured which will not be good for retail and minority shareholders. 
Bullboard Posts