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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
Post by carinthianon May 26, 2015 7:35am
199 Views
Post# 23763866

As I understand

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
Bullboard Posts