Post by
miningfundi on Feb 22, 2024 5:43pm
Near useless news release today!
III's news release today may be factual but is virtually useless for Imperial shareholders. Red Chris, a Canadian mining project, is owned by a Canadian joint venture which is owned by a Canadian subsidiary of III and a Canadian subsidiary of Newcrest/Newmont. Surely the joint venture legally demands that Red Chris technical reports will be prepared in accordance with NI 43-101. In that context, it should be incumbent on III management to demand that the updated Mineral Resource and Block Cave Feasibility be prepared in accordance with NI 43-101 as usual and as expected. Newmont's reporting requirements should be irrelevant to III.