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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Post by Thrifty23on Feb 20, 2020 7:28pm

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Post# 30715370

Red Chris

Old article, but I just saw it has the same opinion of most of us on this board. Red Chris is a fantastic mine in a great jurisdiction, and I think it has a very good exploration potential. Imperial's 30% stake is valued at $344.5 million based on the transaction with Newcrest and the company has over C$100 million in cash as of September 2019. I think Imperial is very undervalued at the moment considering its market capitalization is below $200 million.

https://www.google.com/amp/s/seekingalpha.com/amp/article/4322382-best-drill-interceptions-in-metals-mining-sector-for-week-ended-february-2-2020