Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 May 26, 2018 5:03pm
245 Views
Post# 28084905

RE:RE:RE:Again, I just want to point out the FANTASTIC CASH FLOW

RE:RE:RE:Again, I just want to point out the FANTASTIC CASH FLOWTA,

CF multiple x tax shield x ownership x tonne/lb x grade x throughput x AISC margin / (float x CAD/USD)

20 x (1 - 0.35) x 0.4 x 2204 x 0.057 x 12M x (3.07 - 1.5) / (791.4M x 0.77) = CAD 20/share.

It's a little more complicated because of recoveries, export taxes, and debt repayment.  You also have to dilute this a little for the equity financing, prehaps not a lot, depending how they finance it.  In any case you could arrive at 15+.

I used the current copper price of 3.07 and a cost of 1.50/lb, to be conserviate, since costs are always higher than expected.  Under this scenario, you would have to wait 9 years for ramp-up.  But I doubt it would take that long to price in, especially in a copper bull.

Use 1.14 if you like, and/or a higher copper price, and you get a higher number.  Higher throughput is possible, but it takes time.

Plus Kipushi, plus Platreef
Bullboard Posts