RE:RE:Trade War Talk OverratedAlvarez,
Most of my skepticism was based on NPV8 (net present value) from the financial analysis in Company studies. I divided NPV8 by shares out, and came out with a lower value than many here were expecting. Since then, it's become obvious all three projects are a lot bigger than those earlier studies suggest. They were simply a starting point. For example, In the 2017 PFS, Kipushi had a mine life of just eleven years. In this week's news release it has been revised to multi decade. Instead of 4Mtpa at Platreef, they're now looking at 8 or 12 Mtpa. Recently Kamoa/Kakula NPV increased by half. And when I was a skeptic, I still made it clear that the Company was worth $4 to $5 share using NPV8. So, even if the scalability had not improved as much as it has, I would consider IVN undervalued at $2.50 share, using last year's financial analysis. Since that time NPV8 has doubled.
So, although I'm not jumping on the $20 share bandwagon, it has become obvious this Company is seriously undervalued.