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

Bullboard Posts

Comment by bloomfield18on Mar 15, 2018 1:21pm

147 Views

Post# 27721396

RE:RE:RE:So Why is KAT Up 7%?

Enter Display Name,

Exactly right. IVN is not a producer. They are not even at construction. They have zero debt. They are still completing feasibility.

In other words, they are not committed, and are in a position to walk away until which time the situation becomes favourable. That is NOT something KAT can do with nearly $12 billion Cad in long term debt and current liabilities. They're trapped, and won't see any profit for years, if ever. Meanwhile, their debt continues to increase at Libor + additional interest, month after month, year after year.

So, why is KAT up? Beats me.

Bullboard Posts

The top 10 Canadian medical stocks