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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 Sep 13, 2024 9:47am
96 Views
Post# 36222026

RE:RE:Share Buy Back

RE:RE:Share Buy BackThis makes for an interesting discussion and an important piece of work for Mgt (..sadly CFO has virtually no skin in the game...)  The reality of what will cost to build out the block cave - insights courtesy of MiningFund - is that a very special financing/equity raise/buy out etc, will ultimately be required - MT Polley cashflows as good as they are.  In the meantime, some portion of gold production could be neatly hedged in the current strong market - as CU could have been back in May at ~$5/lb.  The comment about buying stock is not at all a dumb one.  NEM currently trades at 2.1 X book while III trades at 0.4X book.  Seems like an obvious play.  No one believes that the current SP represents the real value of the company so why not take shares from Berkowtiz and others who want out?  .....sadly its been a long time watching us limp along.... Since the lows following the NCM aquistion NEM has nearly doubled.  So much for buying the "to be acquired".......
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