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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 impeon Jan 09, 2020 10:49am
122 Views
Post# 30534411

Globe says Paradigm's Davidson keen on Imperial Metals

Globe says Paradigm's Davidson keen on Imperial Metals

 

Globe says Paradigm's Davidson keen on Imperial Metals

 

2020-01-09 08:52 ET - In the News

 

The Globe and Mail reports in its Thursday, Jan. 9, edition that Paradigm Capital analysts David Davidson and Jeff Woolley say investors are likely to see "considerable" volatility in base metals in the near term given the escalating tension in the Middle East. The Globe's David Leeder writes in the Eye On Equities column that the analysts, however, expect the "overall theme" of the first year to be higher copper prices, noting the market is beginning to look at supply/demand fundamentals. Mr. Davidson has a "buy" rating on Imperial Metal. He targets the shares at $4.10. Analysts on average target the shares at $2.90. Mr. Davidson says in a note: "While not a true development story as it has a 30-per-cent interest in Red Chris, the potential restart of Mount Polley and ultimate expansion of Red Chris to a combined open pit/block cave fits the bill. Red Chris in its current form should deliver solid operating and financial results during the first half of 2020, owing to higher grade and mill efficiencies to be executed by operator Newcrest Mining. An aggressive drill program is underway to better define the underground development opportunity -- we expect initial drill results in Q1."

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