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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
Comment by Bravohiton Aug 03, 2018 12:08pm
96 Views
Post# 28410797

RE:RE:RE:Stand up and be counted

RE:RE:RE:Stand up and be countedOkey. I don't think we are phonies however we have been at this for such a long time its starting to become inconsequential what we think. Here is what I think. And I love to hear otherwise. There is so many factors influencing this price. Some of them are logical - such as the price of copper at 2.76US, (its low however at some point imperial was saying it would make money at 2.50US), the debt at around 800 mil...huge...the lack of profit from imperial, and constant - CONSTANT - bad news refrence mining operations... If its not broken parts on equipment, its dragging, if its not equipment , its a strike, if its not strike it the fires in BC, if its not fires its the weather.....simply put ... imperial got shaty luck... Now some of the other factors here are very highly illogical why the price is low.... the main debt holders service ratios - which are set up to eat anything imperial makes, add to it that Murray owns the debt primarily, he also owns the bulk of shares, you start seeing that the enterprise has been set up to make money primarily for him............ Finally, the main project Red Chris...has been underwhelming - the ratios are low for concentrate.... There are so many fudged up factors here.... So what the BLUF; I think one of the employees said it best - we are hoping to mine in the next 3 years....let that sink in - MINE in the NEXT 3 YEARS.... Am I buying...hell no! I am 400% in the hole on 40K. I am hoping the DIAMOND is right an this recovers by end of the year to 3$....will it go to .60 - highly likely as the debt consolidation is coming up...and they will get squeezed...however this is ME golden cow....he gets his money from interest ...and the fund he set up.... there is always hope... Bravo
Bullboard Posts