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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 Apr 03, 2018 7:55pm
148 Views
Post# 27825071

RE:Kipushi progress

RE:Kipushi progressUntil agreement is reached with the government, there should be no timeline. It's our money. And in my opinion, until final agreement is reached, the Company shouldn't spend a penny more than they have to. There is no point triggering a needless cash liquidity crisis just because some are impatient. That is a surefire way to destroy shareholder value. They should try to economize. I'm not saying this out of anger. You can't just go ploughing ahead, ignoring costs. Once all costs are factored in, you may then proceed with rational decision making. Mining is a risky undertaking, and that is the bare minimum required. The Company has three options; build it, take on more partner(s), sell it. They'll decide the best path going forward after negotiations are complete.

Give these guys a break. The only thing I don't want to see is a massive placement at a grossly undervalued share price. They could have financed at $5 for most of last year. A huge equity placement at $3 would be a terrible disappointment. Other than that, let's leave it to the pros. I don't want to tell them their business.




Bullboard Posts