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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Comment by mayorkghon Apr 25, 2009 6:56am
424 Views
Post# 15944168

no BS

no BSIf the anticipated recovery from OT is anywhere close to the projected 1 billion lbs of cu and 330,000 oz of au per annum for 35 years, at US$0.50/lb cu and US$200/oz net profit this would generate US$566 million per annum or US$ 374 million for IVN's 66% share of OT i.e. roughly US$1.00/share. This is pretty simplistic but that US$1.00/share of profit will eventually be worth US$10 to US$20 in share price, depending on the market. At the moment, IVN's other holdings have an actual market cap of a little over US$4. That portion will grow as well but OT is still a very large part of IVN's future worth, which is a multiple of where it stands now. The SGK will reach an agreement on OT; they are maybe less shortsighted than some investors would wish. They may be waiting for the Chinalco/Rio Tinto deal to close!
Bullboard Posts