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

Post by Homeboneon Aug 21, 2017 5:40pm

338 Views

Post# 26605067

NAV

RJ has resumed coverage and is saying their minesite NAV (using 5% discount for Platreef, 8% discount for Kamoa-Kakula and Kipushi) is US$5.73 (excludes cash, debt, etc.). They are only applying a 0.7X P/NAV mutiple to their target price though.

This minesite Net Asset Value is $7.50 Canadian (using 1.26 fx rate) and we are trading at $4.39. Seems like good value to me.

And so many catalysts to come.

HB