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Bullboard - Stock Discussion Forum 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... see more

TSX:III - Post Discussion

Imperial Metals Corp > Potential upside events
View:
Post by miningfundi on Dec 20, 2020 7:11pm

Potential upside events

I am looking ahead for a few positive news releases over the near term:
  • A resumption of production at Mount Polley - it has to be economic at current metal prices. I don't think Covid is delaying this - Red Chris is operating.
  • An updated mine plan for Huckleberry - latest exploration results looked promising
  • A 2021 drilling program at Ruddock Creek
  • Red Chris production and exploration update for Q4, 2020
The biggest upside is Newcrest buying III or its 30% interest in Red Chris - probably the latter. It's almost certain to happen at a very good price
Comment by egss on Dec 21, 2020 8:40am
Good post the only issue they negotiated hard to keep 30% and ME doesn't sell. Maybe there is a  price where he will let go. He supported this company with his own money for a long time so he knows what RC is worth. Looks like an ughly day on markets today.
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