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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 Jan 21, 2019 12:42am
195 Views
Post# 29258198

RE:RE:RE:RE:RE:RE:RE:RE:and the bottom line about Rick Rule is this: he is a used

RE:RE:RE:RE:RE:RE:RE:RE:and the bottom line about Rick Rule is this: he is a used Leisure,

There was Company specific news. The new mining law in DRC. I won’t bother itemizing it bullet point by painful bullet point, but rest assured it laid low this mining company. Buyers fled and/or sold. Short sellers came in and walked this downstairs against zero support. The government set up a sunk costs trap. Got everyone to sink billions into projects that would be difficult to walk away from. Then they abruptly cancelled signed 10 year stability agreements that are legally binding under international law. And they replaced them with illegal instability agreements that aren’t worth the paper they’re printed on. Now they just had a democratic election, and the loser was declared the winner. Isn’t the DRC a wonderful place?

There is some good news. Platreef is in South Africa. The Company is loaded with cash. All DRC projects are still at prefeasibility or feasibility. Nothing has been built. Chinese state miners are partners and may be able to exert a positive influence in the final outcome.




Bullboard Posts