RE:RE:RE:RE:good news, bad news (question)The Q1 call is crazy and everyone should read the transcript.
https://seekingalpha.com/article/4687755-ivanhoe-mines-ltd-ivpaf-q1-2024-earnings-call-transcript?mailingid=35214835&messageid=2800&serial=35214835.643&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=35214835.643 I suggest that it's not worth worrying about the details of C1 costs at this time as the ops will be completely different in 2025 with the smelter, Lobito Corridor, sale of sulphuric acid, Project 95, Inga II online and power problems solved, all 3 phases running at full bore. It's a major transformation from the status quo.
On the lower grade processed during Q1 they said that is was because of a lack of access to high-grade zones because of water ingress during power interruptions. A good example of a 2024 problem that will be history in 2025 because they will have solved the power problem.