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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. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.


TSX:IVN - Post by User

Bullboard Posts
Comment by mudguyon Oct 01, 2016 11:44am
307 Views
Post# 25298344

RE: Kipushi

RE: Kipushi Hard to say, but the resource numbers give some basis to guess.  The grades are stupendous and there is already a lot of infrastructure for mining in place, so capital requirements might be comparatively low.

My guess is it can be put into action for a few hundred million.  The question becomes if they plan to separate out Ge for credit, which would improve economics a lot, perhaps even giving it close to zero net Zn/Cu costs.  At the very least, I expect lower quartile economics and lowish capex, so I would not be surprised if the NPV is something on the order of $1B at 8%.  Given that DRC is already a major partner (32%), I don't expect any permitting or development issues, so the true value lies with a much lower discount than 8%.  

JIMO

Bullboard Posts