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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 Bravohiton Jan 08, 2019 10:08am
110 Views
Post# 29199747

Proactive and Smart my but....

Proactive and Smart my but....I come on here once very couple of months. Usually after the company does something "super smart". However I watch this forum as a hawk. It amuses me how many more individuals comment when things are going great and how few, with the exception of DD, when things are bad. The numbers for this action don't add up to be called a "super smart" move. Looking at recoveries and production price per pound RC and MP are not that far off. In 2017 MP constantly outperformed RC. Yes the strike soured things. And payback is a Beach. However MP carried this company when RC failed miserably to preform. Additionally Grades collapsed in MP due to some unforeseen circumstances and low ore has been constantly milled in....(strike, fires, etc...) So why now...most likely multiple reasons: - they don't have money to run both, - RC grades and concentrate, HOPEFULLY, has improved to outperform consistently MP, - Union was a beach so ...payback time, - consolidation, or .... well many reasons. ABX in 2015 went through similar issues and preformed actions in the same vein (closed money and consolidated on performers). I stand by my assessment to start buying before next earnings report....or when this thing hits 1.00$ again... I lost sheet loads on money on this company. In 2016 their CEO stated in a call they a profitable at 2.53$....the price of cooper has been above that....way above that...and yet here we are...so be careful when you calling them smart and good managers..... BH
Bullboard Posts