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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 Feb 06, 2019 5:40pm
179 Views
Post# 29328950

RE:6.7 million shares traded

RE:6.7 million shares tradedThis is not high volume, which makes the price move all the more noteworthy. The market only lightly tapped the accelerator. It’s a preview of what to expect when IVN gains wider acceptance as projects advance to construction. 

Analysts are wide awake. The price target of BMO is spot on at $9 share. This is equivalent to NPV8 of an 18Mtpa mine at $2.75 lb copper. The only outlier is CIBC. I remember reading one of their reports a year ago. They failed to present a logical chain of evidence to support a low price target. A price target should be based on reason, hard evidence, not a gut feeling. Anyone here can also throw out a number based on their emotional reaction. You can’t remove emotion from trading. But you should try and take steps to mitigate it’s impact. 

One note. A couple of years back I said BMO messed up a weighted average for grades at Kakula, based on drillhole data from 20 plus holes in a detailed news release. It only occurred to me later that they may have been using additional drill results from previous news releases. I tried to replicate the values without success. In any case, there may be some data I was unaware of. They couldn’t be expected to present a longhand calculation in an analyst report. Regardless, time has proven them correct. The grades were indeed 5 and 6%, just as they claimed at the time. As an investor, I don’t like giving analysts the benefit of the doubt. Since my money is on the line, I prefer to give myself the benefit of the doubt. Still, they have no means to defend their position online. Posters are free to refute their hard work, and they have no way to respond. In retrospect, I should have made clear their weighted average varied from data in the news release, but was not necessarily due to error on their part. Sorry guys.


Bullboard Posts