As I understand
Ivanhoe gets 500mio for 50% of Kamoa and out of the 1400mio needed capex around 910mio are organized by Zijin and the remaining 490mio are divided 50:50 between Ivanhoe and Zijin which means to get phase 1 up an running Ivanhoe needs to attribute 250mio. Which then leaves 250mio of money free to forward platreef and kipushi.
Of course only if PEA numbers for capex are right which I doubt but nevertheless this deal seems nice to me as with the money for the 9.9% in IVN this should leave the company with around 300mio in cash to work on Kipushi and Platreef which should be sufficient for at least 12-20month assuming 15-20mio burn rate a month. I did not do the exact math but there seems to be a lot of money that can be spent now.
I am glad I did hold my shares as this news could be enough to get me back to CAD1.6 where I bought my shares.
Will be interesting to see what the future brings and if our wishes do come true. :-)
Just my personal thoughts. DYODD
carinthian