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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 Thrifty23on Feb 28, 2020 6:28pm
146 Views
Post# 30749576

Volume

Volume

This was a painful week for most holders of anything! the s&p sold of 12%, the 10 year went down to 1.10%, oil got rocked and pretty much everything was sold. Anyways,  I was most of the volume on the American today and a buyer all week. I am still trying to understand how Mr Market can value this company around 150m. Just seeing Chris a tier 1 mine with reserves for decades and forget about other assets. I mean a 30% stake in 20m oz of gold and 13B pounds of copper is pretty nice for a 150m market cap- maybe 50m cash= 100m dollar company lol. Never mind having a mine that is already built which would cost hundreds of millions on its own with a partner who is one of the lowest cost operators in the world; furthermore, who is only going to fine tune operations and increase recovery rates. When the revamp is all said and done if gold stays where it is even with today's fall it would be still a significant deduction for all in costs for copper. Still a huge believer in the copper story and don't see any name close to this valuation wise.

 

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