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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 PMATSIon Jul 10, 2013 8:04pm
291 Views
Post# 21600248

Copper

Copper

Read today's Mining.com article "Surge in copper imports defy dismal chinese trade data"?

Why would this surprise anybody? Wouldn't you expect the Chinese to keep their assets in copper in place of gold which is less useful and paper money which is debased every day. There is a paradigm shift and the Chinese are pragmatic. What a deal. I wish I could buy groceries at a store at a lower price simply because my pantry is well stocked.

Stupid hedge traders are shorting copper based on what is used rather than what is actually bought? Did they miss the report of 2012 Chinese 17% increase of copper imports?

I doubt it. No, if you can drive the metal stocks down now, it sure makes the market profits from the next leg better when they give the signal to the media that it's ok to buy copper again. ... and of course ... when they were ready.

Bullboard Posts