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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 Temeraire2on Jun 10, 2024 9:45am
98 Views
Post# 36080655

RE:RE:RE:The wheels of Newmont turn slowly ...

RE:RE:RE:The wheels of Newmont turn slowly ...Being totally transparent - i've made a lot of money on my investment in CNQ where ME showed nothing but brilliance.  He's not a miner and sadly it shows through all too clearly.  Unlike CNQ, III doesnt operate at scale.  Being small it also doesn't show any tactical skills.  Tailings failure could have happened to any owner but decisions such as not hedging when CU is above 5.20 USD and expenses from RC are coming at the company in a predictable manner is simply dumb.  Going private makes sense, selling to NEM makes sense and yet the company stumbles along and he gets 12% on the debt we needed - which is really working capital.  The CEO clearly is not a leader and the CFO owns next to no stock.  All quite weird - as Tolstoy said about families so it goes with companies:  All the good ones are good for the same reasons, the bad ones myriad......  sip sip.....
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