Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Copper

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

Ivanhoe Mines Ltd

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Post by bloomfield18on Feb 06, 2018 5:56pm

151 Views

Post# 27514740

KAT can't pay a dividend

Johnny,

They owe nearly $8 billion in combined long term debt and current liabilities. It will be many years before shareholders ever see so much as one thin dime. Yes, they are mining. But those profits are not for shareholders. They're for Glencore.

I have nothing against KAT. They only serve as a handy comparison with IVN, because they have exactly the same level of political risk. And IVN is definitely not just a story. Shows what you know about exploration, Johnny. Zero. All three projects will go into production and make huge profits at current metal prices. IVN doesn't need $2 zinc or $4 copper to cut it.

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