RE:What I think is funny....Newbie,
That 100 billion lbs doesn't belong to you. IVN only controls 25% of that AFTER TAX. And if I must remind you, there are 786,000,000 shares outstanding and each of those shares gets a tiny slice of that 25%. Even so, IVN market cap is now $2.8 billion CAD, mostly based on that 25% after tax share of Kamoa/Kakula. The market has certainly not ignored the value here.
On a side note, gaining control of Crystal River would be nothing to celebrate. It would mean a Chinese state company, Zijin, obtained a 39.6% share of Kamoa-Kakula, equal to IVN's share, for only $412 million USD. And if the Chinese government doesn't provide financing, who will? Western banks are not lining up to do business in the Congo. You had better hope the Chinese don't drag their feet. I'm not suggesting this will happen, but if it did, it would set up a roadblock to future project development. The partners have different objectives. The Chinese want to keep an abundant copper supply available to exploit, while IVN shareholders, like yourself, want profits NOW. For the Chinese government, access to the resource is the primary reward. They want copper. You, on the other hand, want more money. They are thinking decades. You are thinking just a few years. These two objectives must be reconciled. Perhaps the parties have already reached an understanding.