RE:RE:RE:RE:RE:RE:Ivanhoe story will keep getting bigger30% owned by China...
cashtango00 wrote: I agree and will add to your post. The biggest concern with the mining code was financing which would probably require more of a stability clause then the DRC gov't was offering up. The royalty increase is totally fair. Now that IVN is in bed with literally one of the most powerful companies in the world ( the government of China) the financing issue is resolved. would it be nice to have the PP a buck higher, yes, in the long run does it matter? no. IVN issued paper at a bit of a lower price and are now fully funded with CITIC bringing in the project financing. This is a massive deal that brings all the money we need and a huge amount of political clout to a company operating in a tough environment.
The fact the market brushed off this strategic manoveur by RF is very telling of how out to lunch the investment community is. We have some of the greatest undeveloped assets in the world, the projects have huge upside, financing is taken care of, and the greatest mining guy of our generation is running the ship. Don't forget we are now 20% owned by the government of China who will take all the product we can produce.