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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 Jun 11, 2018 2:59pm
217 Views
Post# 28155813

RE:Ivanhoe story will keep getting bigger

RE:Ivanhoe story will keep getting biggerIn my opinion, CITIC got a great deal. Once built, these projects will be practically self financing. Continued uncertainty with the SA mining law, and an unexpected seizure of revenue by the DRC in early 2018 took the wind out of our sails. The $100 million loan says it all. We ran out of money. It must be so frustrating to know you're sitting on top of such incredibly valuable resources, yet are forced by circumstances to sell equity at a discount. One positive note is that CITICORP paid $3.68 share. No one can argue the Company is only worth $2.75. It should have been more.
Bullboard Posts