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