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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 temeraireon Jun 01, 2022 8:34am
179 Views
Post# 34722627

Decision Making

Decision MakingAt the same time as I accept the tailings pong disaster as being supremely bad luck, I simply can't excuse MGT/ Brian K's leadership for letting us all down. I've lost track of the number of operational deliverables where they've failed to deliver but their management of the Capital Mkts side of the business has been nothing short of atrocious. Clearly ME is distracted by his outsized success in the energy space and simply not on top of this particular holding,  failing to see that amidst a tide that has lifted every copper boat our Captain has kept us in the dry dock.  Classic Canadian, low liquidity value trap where all the value creation has been entrusted - in this case to NCM - to others while mgt gets to mail it in....   shame.....
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