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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

Comment by AlwaysLong683on Jun 04, 2024 4:24am
187 Views
Post# 36070532

RE:too funny.....all that " African risk" IVN is mining today.

RE:too funny.....all that " African risk" IVN is mining today.
Yes, companies with assets located in North America do face the risk of strikes, but I'd rather see a company face that short-term challenge vs. major political or climate change catasrophes. CNR, CP, TECK.B, L, MRU, EMP.A, etc. etc. all have unionized workers and all have faced or experienced union strike action over the years - nothing out of the ordinary.
 
BTW, does anyone realize that, at 19.14, IVN is currently trading at a P/E of over 100....? Looks like the share price may be way ahead of actual profitability at IVN with a lot of expected future good news already baked into the cake, and given they only hold partial ownership of their projects combined with the massive capex spending they have planned, such a multiple appears seriously unjustified. How much of their share price gain in 2024 to date is based on the rise in the price of copper so far this year vs. IVN's actual quarterly results and announcements / press releases...?
 
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