TSXV:CAV.H - Post by User
Post by
jplaneon Apr 05, 2012 9:02am
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Post# 19762111
corrections
corrections I put a target of $9 to $13. based on .90 per share earnings.
That means the company (not the mine) will earn .90 every year for every share.
At 10 times eps, u have $9.00 shares
Ivanhoe has been developing their olyo Tolya mine (gold and Ccopper) in Mongolia for 10 ten years and are 3/4 done. financing must still feel like an issue as Ivanhoe sells asssets to help finance (this week). They have spent over $5 billion and will spend over $7 billion to complete a mine with copper produced at $1.10 per pound. These figures may not be correct, but keep in mind the person suggesting your shares are worth $2 or $3 joined this board 2 days ago and has posted 7 times only on BAJ.
Oh announcement also was that ivanhoe has had some setback (about a year ) in construction of mine underground development.