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.

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Imperial Metals Corp

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Comment by Vinson500on Mar 11, 2019 7:14pm

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Post# 29470594

RE:RE:Hold up!

Hey egss... while I agree with you that ME held this together until now, but it was his management team that totally missed their mark on Red Chris in both increased capital costs to build it (and resulting increase in debt) and the recovery and operation of the mine.

If you go back the the Red Chris feasibility study and published details in the web site (which has been removed) at $3/lb copper and a CDN$ on par with the $US the mine was to pay out all debt in less than 3 yrs....oppps!

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