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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 bloomfield18on May 21, 2017 12:07pm
248 Views
Post# 26268878

RE:RE:RE:RE:IVN value tied to Kakula

RE:RE:RE:RE:IVN value tied to KakulaThese are not my numbers. They all come from the prefeasibility study of Jan 27, 2017. I never guess and always, without exception, refer exclusively to company documents. I'll walk you through it, since you don't seem to believe in due diligence.

Proceed to page 469 of the Jan 27, 2017 Kamoa PFS. You can find this at sedar.com There you will find Table 22.10, Metal Price Sensitivity. Cross reference discount rate of 10% and copper price of $2.50, today's current level. You will find the entry $123 million for NPV. That is the Net Present Value for the project today. Since IVN has 39.6% of the project, this works out to about $50 million for the entire construction period and 24 year life of the mine. 

Now, please proceed to Table 22.4 on page 463 of the study. Note that the copper feed grade is 3.86%, a full 1% higher than your own expectations. 

If you have any disagreement with these values, don't complain to me. Call up the company, ask to speak to the engineers, and give them a piece of your mind.

The whole point is moot anyway. The discoveries at Kakula and Kakula West have totally altered the picture. The PFS for Kamoa was dated, even before it's release.


Bullboard Posts