RE:This is exactly why you guys should have been in IVNIVN will likely have its share of issues as it progresses towards production. This being said, the fact that IVN has higher grade ore body means they do not have to use special techniques such as block caving (therefore reducing operational risk). For TRQ, low grade and hence the use of block caving is the main issue here. Finding that block caving feasibility is not as expected can increase development cost, development schedule and potentially operating costs down the like as well.
topadvisor1 wrote: Not too late to buy. It is still EXTREMELY CHEAP, since we all expect a minimum 15 to 20 dollars by 2021/22. Most feel it could be higher, but I am a conservative guy LOL. Hey, Kakula base on their own release should start in 4th Quarter 2021 and with 6mt/y and at an ASTOUNDING GRADE of 6.8% copper, well you get the picture. And IVN will be DEBT FREE. YES THAT IS CORRECT, they have the funds in cash (OVER 1 BILLION) to develop this. Have you ever seen a company that develops a WORLD CLASS copper deposit WITHOUT DEBT ??? It has NEVER HAPPENED. We might just buy you out for pennies on the dollar. LOL NAH, not a good enough project. How long will it take to pay that amount back ???? Terrible investment here.