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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

Post by Bravohiton Aug 27, 2021 4:51pm
553 Views
Post# 33777171

Sold it

Sold itBought it four days ago below four - sold it today at 4.24. Gamble paid off.

Unfortuntelty very limited strenght in this stock. Newcrest estimates 2027 before this mines is tickety boo. Most likely we wont see major movement till 2025 in price.

However, we have something to look forward to - by end of September a "Full" Feasability study will be released. This could indicate a rise in valuation of the mine - we havent had one in a while...lots of guesses but nothign solid. 

fianlly - looking at the reports from last week - it appears this mine will be burning over 20 mil a quarter in funding. Its very expensive business - without making  a penny....

Maybe will gamble again when below 4$....


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