Imperial Metals Corporation (IPMLF)

[TMLonggun]

Huge Spill at Mount Polley

http://ih.advfn.com/p.php?pid=nmona&article=63152742&symbol=III

http://globalnews.ca/news/1491377/impact-of-tailings-pond-disaster-on-salmon-run-could-be-significant/

http://globalnews.ca/news/1491413/consultant-says-tailings-pond-was-growing/

http://globalnews.ca/news/1491946/imperial-metals-corp-says-breached-tailings-pond-stabilized-statement/

I saw their tailings "pond" last year and its shear size took my breath away. Tailings "lake" would be more apt. It seemed to take up several km and was surrounded by an earthen wall about 60ft (20M) high. It also seemed so be located on somewhat high ground with beautiful lakes to either side. This is a tragedy for the area that at first glance appears to have destroyed both of the pillars of the local economy, mining and tourism.

The whole tailings dam looked quite strange to me. It was too high, too full, and not properly tested or engineered by the looks of it, especially with a recent breach in the past few months.

There is blood in the streets for now, but it may continue to run for a while. Imperial Metals may become a bargain at some point if you believe it will survive this disaster.