RE:RE:RE:RE:RE:RE:RE:RE:RE:IVN mentioned by mining guru Rick Rule on BNNFor those who bought at 1-2-3 bucks, this is a good opportunity to average down.
I don't think we'll see this prices again.
Someone posted that RR was promoting IVN since its IPO a few years back when
it was approx 4 bucks, and when oustanding shares where 300mill.
Well, RR is still promoting now, where price is 0.65 and 800 mill shares outstanding.
Bottom line is the quality of the assets.
Also the projects has advanced since 4 years ago.
Only a few weeks month ago : Rick Rule : IVN has the best collection of assets that anyone has ever assembled in a junior co.
The Main problem is not even the DRC gov, or the SouthAfrican gov.
The main problem is the whole resource/metal prices.
We are caught in the middle of the storm.
We are in the down cycle. When is going up ? Who knows when , but eventually it will.
Remember in 2007-08 IVN went from 4 to 29 in 2-3 years.
Project & Asset comparison between IVN 2008 and IVN 2015. Don't have details and knowledge.
But if someone with more expertise can explain, it would be greatly appreciated.
If we can weather this, Robert will make us rich.
He is the Master, and I think at his age , he would like to have his last show with an standing ovation, crowning him the best mining promoter of his generation.