Platreef Look at this Kitco article on Rh which has run to $4200
https://www.kitco.com/news/2019-08-28/Rhodium-prices-going-higher-analysts-eyeing-10-000.html
Up some $1350 from when Bloom wrote this post
https://stockhouse.com/companies/bullboard/t.ivn/ivanhoe-mines-limited?postid=29451260
Thus contributing substantial additional cash flow to the bottom line over LOM. And the outlook for Rh is positive. Who knows what the price will be in 2022 but $10K sounds alright.
Platreef is the darkhorse for long term retirement accounts. By production time in 2022, 5 of the 6 paying metals are likely to be riding high in price. Gold, rhodium and nickel are already up more than a bit since IVN put out this release highlighting the strong pricing for the Platreef metals basket.
https://www.ivanhoemines.com/site/assets/files/4153/ivn_platreef_metals_price_basket_release_feb_18_2019.pdf
Palladium will remain strong and copper will have moved by then also. But imagine in 10 years at 12 Mtpa and even higher prices for the metals basket. This isn’t delusional wishful thinking - the supply/demand fundamentals support higher prices for all of these metals and they will ride higher with inflation. Platreef could be contributing close to a $billion CAD to the bottom line in 10 years at a time when K/K is flowing close to $2 billion.
The only laggard is Pt but it is testing $900 now and demand from industrial applications is steadily increasing as mentioned in this link
https://www.visualcapitalist.com/how-platinum-improves-our-world/
Pt is highly useful and it has the potential to be adding nicely to the basket price by production time with the upside wild card being of course fuel cells.