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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 carbideon Feb 19, 2019 3:22pm
131 Views
Post# 29384124

RE:RE:RE:EBITDuh

RE:RE:RE:EBITDuhThe 6mtpa scenario has an actual mill rate of 4,589kt/y for the first five years, at a head grade of 6.79%, and a recovery of 85.6%.  Resulting production is 267kt/y or 588mlbs/y, of which 40% is 235mlbs.  Also, all-in cost is 1.08/lb for the first five years.  Current copper price is 2.88, a bit up from yesterday.  The numbers I posted for EBITDA average for years 1-5 are taken from the press release.

You are neglecting:

1.  that expected throughput is below nameplate capacity
2.  metallurgical recoveries
3.  cash cost is not mine site of 0.43/lb, but includes milling, transportation and TCRC's, amounting to 1.08/lb

If it's not a waste of time for you, I suggest you reread the press release and check your numbers.

I never argued against the quality of assets and upside potential.  No need to exaggerate them.  You said you're a stock promoter and it shows.  There is a huge fudge factor in all your numbers and arguments.
Bullboard Posts