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.

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Imperial Metals Corp > Share price puzzle?

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Post by miningfundion Oct 21, 2024 5:24pm

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Post# 36275603

Share price puzzle?

Something weird is going on with III's share price? Based on forward annual earnings of $0.52 per share (Q/E 2 earnings of $0.13 per share X 4), and the current price of $2.14 per share, the forward P/E Ratio is about 4.1. Also, III's current short position of 30,000 shares (0.02% of the float) is the lowest that I can find going back to early 2011. Also, huge potential upside at Mount Polley and Red Chris. Who is selling, and why - very strange ...?

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