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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 bloomfield18on May 23, 2017 6:12pm
167 Views
Post# 26274809

IVN Gets Less Than 22% of the Profits

IVN Gets Less Than 22% of the ProfitsIf the Congo gets 55% of the profits, 35% as corporate tax and 20% as a "gift" just because they happen to have an assertive military, then that only leaves 45% for everyone else. The Chinese have slightly more than half, or 23%. So, IVN is left with 22% of the profits. Then there are small royalties, slightly trimming profits yet further.

It reminds me of Ernest Hemmingway's Old Man and the Sea. This old guy catches a giant fish, but by the time he gets it back to shore, there is hardly anything left. The sharks ate it.

Bullboard Posts