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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
Post by mudguyon Jun 11, 2018 6:46pm
254 Views
Post# 28157046

RF planning to mine?

RF planning to mine?A bit rhetorical for a subject, but I have long been under the impression that IVN has been planning to sell these properties to majors.  Perhaps with today's significant news, this has changed and the strategy is now to develop through to mining.

I find this quote from RF today quite interesting.  This does not sound like someone planning to sell these projects and move on.  What are 8X earnings on all three projects at full scale production?  This would be Canada's most important diversified mining company, by my calculations.

“CITIC Metal will be playing a significant role in Ivanhoe’s emergence as one of the world's leading producers of copper, zinc and platinum-group metals. Today, with CITIC Metal’s commitment to this investment, Ivanhoe is one step closer to becoming Canada’s next important, diversified mining company.”

Read more at https://www.stockhouse.com/news/press-releases/2018/06/11/ivanhoe-mines-and-citic-metal-sign-long-term-strategic-cooperation-and#GZquO3EzXAwLTrLb.99
Bullboard Posts