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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. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Bullboard Posts
Comment by bloomfield18on Apr 03, 2018 7:55pm
147 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