SouthGobi Energy We Are BetterWhile mining companies spend their time and money searching for new and undiscovered deposits, some of the Ivanhoe Mines Ltd.’s (IVN/TSX) assets may themselves be running under the radar of investors.
Two such lesser known assets – an 89% stake in SouthGobi Energy Resources Ltd. (SGQ/TSX-V) and the Swan copper and gold discovery in Australia – present a good chunk of hidden value, says UBS analyst Tony Lesiak.
In Australia, Ivanhoe’s 1450 square kilometres of mining interests are located in the historic mining district of Cloncurry, with neighbours like Barrick Gold Corp. and BHP Billiton. Xstrata’s successful Ernest Henry mine is also nearby, and Mr. Lesiak thinks Ivanhoe’s Swan deposit could be a look-alike.
SouthGobi Energy meanwhile, is considered by Mr. Lesiak to be a key source of value. While nearly all of the company’s market cap is attributed to its Ovoot Tolgoi coal development project in Mongolia, nearby exploration assets represent significant upside, he said.
We are better by a long mile and bigger !! So what is the true value of GMG members of the board just take a moment and think yes please think hard I dont want to lead you in any way.
This is your future investment do it right for those golden days on the pond.
Hope you made the right choice brothers ? !!!