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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
Post by aproposon Mar 28, 2017 10:33am
232 Views
Post# 26040083

Where is the new money going to come from ?

Where is the new money going to come from ?Looks like we are getting creamed a bit today as the only news is there is no new news while we wait for assays to come back. Never a dull moment here though with lots to come this next while about progress building and drilling.
 
I believe the money needed to continue progress on all fronts will come from the sale of at least one of the other two mines this year. There is a lot of talk about easy money being thrown at Ivanhoe but the reality is that there are not a lot if any funds  or banks that want to take on the risk in the DRC. The political uncertainty gives many pause. There are safer places to put a billion dollars to work if you are lending out money I’m sure.
It’s the chicken and egg thing.  Once ore is being sold and money is  being made  suitors will be tripping over each other. It’s just getting to that point.
Do I believe it will happen ? I hope so this is the largest amount of money I have ever had in any one stock.
I will be much happier when the price moves into double digits and the way they are growing resource numbers it could be sooner than we think. It is a rush to get the numbers up as soon as poss as far as I’m concerned and I’m loving all the drills turning.  
I hope things continue to go well for all of us. GLTA
Bullboard Posts