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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 Vinson500on May 17, 2015 2:55pm
143 Views
Post# 23737462

Root of the current problems

Root of the current problems* In the case of Red Chris the water shortage was caused by the blockades... the fix is already in hand. * Mt Polley is on the cusp of re-opening and means jobs and regional stability...the lakes and rivers are clearing up nicely. * There will be no new shares offered at this time as Sr. lenders will extend the existing credit lines and just charge a fee. To do otherwise would damage their relationship with Imperial and M. E. Additionally before any shareholder dilution there are other more likely options to raise capital like forward selling a portion of their silver or gold stream. * As this stock is tightly held and thinly traded it has and will be volatile. As the cash flow starts to stabilize it will rise and split providing liquidity and more stability. STAY LONG AND PROSPER! V500
Bullboard Posts