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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 May 29, 2018 1:59am
168 Views
Post# 28091898

RE:RE:$4 lb Copper

RE:RE:$4 lb CopperNewbie, you seemed to talk yourself out of your initial position..  When I got to the end, I agreed with you.  By the way, Eagle is a piece of krap, will probably go bankrupt unless gold rallies hard.  Trouble is, it was always a marginal project, low grade way up in the arctic.  I know, I know, low strip oxide, but the gold:oil ratio recently compressed by a third to 16, which is quite bearish for these low grade high op-ex open cast mines which are basically an exercise in churning dollars, burning up tanker trucks full of diesel to move rock from A to B. Of course it was a dilutive financing, because the banks wouldn't lend too much, as they're taking significant risk as is.  The streamers will probably do okay, since they'll get cash flow even if the mine is restuctured.  The share price was low (still overvalued to my eye, near fantasy NPV5) so the equity tranche took a lot of shares.  To keep my life simple, I don't touch these projects with a 39 1/2 foot pole.  Anyway, whether or not IVN rises before financing, I don't see why the boys in London can't do an accretive offering, like CNL did to NEM at a 40% premium to market.  If they're worth their salt, they'll sniff out a good deal.
Bullboard Posts