Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Industrial Metals & Minerals

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

Ivanhoe Mines Ltd.

Bullboard Posts

Comment by CanadianBuckon Aug 12, 2015 10:56am

168 Views

Post# 24010655

RE:RE:cash position

And that's US DOLLARS!! :)

dsikorsk wrote: Did you EVEN read the news release?!?

Get lost and stop spreading misinformation. FROM THE NEWS RELEASE:

"As at June 30, 2015, the company had consolidated working capital of approximately $203.9 million, compared to $162.1 million at December 31, 2014. The Platreef Project working capital is restricted and amounted to $78.5 million at June 30, 2015, and $104.3 million at December 31, 2014. Excluding the Platreef Project working capital, the resultant working capital was $125.4 million at June 30, 2015, and $57.8 million at December 31, 2014."

Just the working capital alone is worth $0.26/share and this doesn't even include the pending sale of Kamoa. If Kamoa sale closes you're looking at ANOTHER $0.67/share in cash paid over 2 years meaning this company is trading for free.

When the liquidation value is MINIMUM 3x the current share price you don't sell at 66 cents idiot.