Imperial Mine Exploration Target 2023
THE MINING CYCLE
-
RISK REWARD
The Lifecycle of a Mineral Discovery
Risks Funding risk
Technical risk
HIGH
VALUE
Exploration risk
Discovery
There is a tipping point in
exploration when drilling amounts
to a real mineral discovery and
excitement is at its peak.
We are in this Phase
Speculation
Initial drill results provide some insight as
to what truly lays beneath but more work
is necessary to define a mineable deposit.
Early speculators buy into the project.
This is most likely the time when
people outside of the mining industry
hear of a new discovery while early
speculators are looking to cash in.
LOW
VALUE
Life Cycle
Digging In
Junior exploration companies are
typically the first on the ground
proving a geology concept with
surface exploration.
Orphan Period
After initial excitement,
proven discoveries require
large amounts of capital for
construction-but are not yet
receiving cash flows from an
operating mine.
Operating Mine
The mine is now open, and
the company can extract
ore and generate cash
flow. Risks still remain,
such as commodity price
and management risk.
Institutional/Strategic
Investment
This is the point when experienced
mine developers and financiers
invest directly to develop the
project into an operating mine.
4-5 years
1-2 years
2-3 years
2 years
1 years
HH
HH
Timeline H
Concept
Pre-discovery
Discovery
Feasibility
Development
Startup
SOURCE: JUNIOR STOCK REVIEW
TSX.V: GZD | OTCQB: GZDIF | FWB: G6H
Depletion
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