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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 miningfundion Sep 12, 2024 3:34pm
97 Views
Post# 36220948

RE:Share Buy Back

RE:Share Buy BackThere's no doubt that III buy-backs at its current low share price earns significant value for III shareholders, even at a cost of 12% per anuum. But, even though Mt Polley and Red Chjris are providing strong positive cash flows, the buy-backs may result in liquidity problems for III since the expansion of those projects still requires significant capital investment. It may be risky for III to continue to rely on ME for future financing. 
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