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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. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Bullboard Posts
Comment by VentureTrader1on Dec 18, 2018 9:16am
212 Views
Post# 29128141

RE:RE:RE:RE:"combined 94.3 million ounces PGMs plus gold "

RE:RE:RE:RE:"combined 94.3 million ounces PGMs plus gold "

I think intent is to reposition the company in investors minds, given the collapse of copper, pending chaos in the DRC and breakdown in relations between China and Canada, with the corresponding uncertainty that undoubtedly creates in some peoples minds re IVNs dependence on China.

Also to elevate the palladium resource in peoples' minds, given the explosion in palladium prices.

Unfortunately I think the downward pressure will continue - crashing US indices give the 'market' all the backing it needs to break the price here under 2.00 and clean out the margin holders, so that's what I expect they'll do.  

But long term, it's impossible not to be excited, its unbeilevable that this company's valued at 2.00, they make more money off the scraps they haul out during construction than most of the producing miners listed on the Canadian exchanges.

Bullboard Posts

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