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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 ursusbrumaeon Mar 20, 2018 2:44am
230 Views
Post# 27744414

RE:RE:RE:RE:RE:RE:RE:RE:PGM Market Fundamentals

RE:RE:RE:RE:RE:RE:RE:RE:PGM Market FundamentalsThere are 300M to go into Kipushi, and a billion dollars for Kamoa.  These are major capital projects which will take 2 years and 3-4 years, respectively.  The payoff is immense, even at the new punitive rates of taxation.  I see no problem pushing forward on Platreef for production in 2022.  Except for one thing.  The company needs MONEY.  If the money shows up, and on decent terms, great.  If there is insurance for force majeure so that the banks don't foreclose in the event of a polio outbreak, or Ebola, or getting overrun by guerrillas, or gorillas, or a Third Congo War, or World War III, wonderful.  But until the money shows up, spending 15 million dollars a month to keep driving those shafts and declines and overhauling state infrastructure, is dancing on the precipice.
Bullboard Posts