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

Imperial Metals Corp

Bullboard Posts

Post by impeon Nov 14, 2018 4:14pm

101 Views

Post# 28975445

Red Chris Valuation

In mid-September, the company sold 0.5% net smelter return royalty interest on the Red Chris project for US$17 million, that's CAD 22.2 million. The company has the option to buy back this royalty in full for a period of up to 4 years and thus, be able to recapture the upside potential for the benefit of our shareholders.

So what is the total value?

If 0.5% net smelter return of Red Chris is worth US$17 million, then 100% would be worth US$3.4 billion dollars in present dollars. Undervalued much?

Bullboard Posts

Desert Gold Ventures - A jewel for the investor?