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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

Comment by Bravohiton Oct 12, 2021 11:53am
153 Views
Post# 33997427

RE:The real potential???

RE:The real potential???I am not an expert in mining....

"estimated total capital expenditure of C$2.6 billion (US$2.1 billion) for the development of Macro Blocks (MB)1, 2 and 3, as well as process plant and infrastructure"

Let that sink in for a second....they will spend 2.6Bills - that is almost 800$ Million dollars worth of III. The whole company is not worth 800$ Million on a good day. 

MB1 to be completed in 2027! (Maybe) - at a cost of approx 1.900 Million (680 Million From III).
680 Million from III ...first tranche done in 2022 of 25 million form III!!! Where will III get the money!

This report just showed us that III will highly likley take a 800 Million loan or sell a sheetload of shares.....either one will highly likely devalue the price of share before 2027..... 
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