RE:INCREDIBLE IN EVERY WAY. This company is really So, reading between the very obviously painted lines (or colors of sand if you like), Kitoko seems to be headed towards making Kakula look average. Who needs 4.5% grade when you can get 11% and more area?
Of course this will just drive the share price down because it will require more electricity to produce from such a giant orebody and no one has ever done it before, and the people are so young on average and thus inexperienced, and the weather is so frequently bad, and the grid is unstable and what does stability really mean anyway? If your cash costs go up because you are ahead of schedule, can we really expect lower costs when you stick to schedule? Would the costs be lower if you delayed expansion to be more ordinary? Isn't IVN just getting a bit too big for its boots? What about P95v - the only reason this is possible is because IVN clearly misjudged the requirements for Phase 1 and 2 - planning my *%se. This is just another example of the vague planning that exemplifies the mining industry. Flooding the market with large quantities of copper from Kitoko could also collapse the Cu price, and being named as the top copper producer in the world is not a mantle that the DRC is ready to assume and this will introduce further instability into the equation. When IVN brings Kitoko online in the future, the railway system will fail to cope with the required capacity. They will make so much sulfuric acid that there is an imminent risk to life and environment due to tank failure, especially with the vibrations that all those trains and machines make.
I don't know about you but despite the manifold risks outlined above, I am going to put hysteria aside and am holding on to my shares.