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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 22, 2018 10:29pm
140 Views
Post# 27767084

RE:who would the partners be and lenders

RE:who would the partners be and lendersBring Glencore in on equity and/or debt for Kipushi?  On the other hand, they are holding back zinc production to keep the market strong.  So maybe not.  Maybe some other Western producer?  For debt, if the big banks will not finance at 3% interest, then perhaps Orion or Resource Capital Funds et al. would do one of their AK-47 specials: debt at 12% plus equity and warrants.  Who cares about the interest rate when you can pay it all back in a year of production? 2 years of construction plus 1-1.5 years production, which is 2-3 years' average drawdown for the principal balance.  Even 2.5 years at 15% on 250M is less than 100M in interest.  And that sounds like worst-case scenario.  I don't care if it's DRC, Afghanistan or Mars, Friedland can get better terms from these guys than other miners.  Look at Lundin at LUG.  He got way better terms in Ecuador than CNL got in Colombia.  To some extent, Friedland, like Lundin, just has a longer track record.  And has a big rolodex.  And is a tough-as-nails negotiator.
Bullboard Posts