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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 VOKBLVRon Sep 17, 2018 4:35pm
109 Views
Post# 28635178

A Partial Solution

A Partial SolutionThere is now a timeline that gives us poor minority shareholders a bit of hope. ME has an even stronger hold on the company. I am not sure if this means he is preparing the company for sale
or whatever makes sense. My two cents is that Red Chris is the jewel in the asset chest and is a fantastic orebody that will produce profitably at current copper prices from the open pit and when it switches to block caving the economics will improve. Mount Polley -if they can get rid of it has a substantial hunk of baggage due to the failure of the tailings dam and no matter what is done to restore the creeks and Quesnel Lake there will be a dark shadow over the company. which would colour the view of an outside investor. There are a few good years left in the orebody at Mount Polley and perhaps an employee led buyout might work. Huckleberrry will require a new fleet to reopen but when we can see the price of copper get to and stay avove $3.00 per pound it will contribute substantially to the bottom line. Ruddock Creek is already a joint venture and perhaps could be sold but its value is minimal at this time (no PFS or resource estimate ) along with the natives that have already expressed their opposition to the project. Catface has been off the radar for so long that I have no idea what value is there. We live in interesting times but at least the company can operate for the next six months and then we will find out the next step (or steps)
Bullboard Posts