RE:Yes Until Production BeginsArgaiv,
The price of uranium is around $25 lb. Uranium miners aren’t making any money. Who cares if you get more pounds of a commodity that has little value? How can you compare uranium to copper, palladium, platinum, and rhodium? That’s like comparing lead to gold, where lbs of lead are considered the equivalent of lbs of gold. After all, lbs are lbs, right? Who cares what the stuff is made of. Fission has an amazing deposit. If and when uranium prices improve, then their share price would take off.
First Quantum has piles of low grade ore. For example Cobre Panama average grade is 0.43% copper, with all in sustaining costs of $1.77 lb. It’s not remotely comparable to Kamoa. Despite this, First Quantum has become an attractive takeover target. And if they’re a target, then certainly so is IVN. Yes, there are lots of projects out there. But there are very few high grade, high tonnage mines available.
I’m not saying traders should buy, sell, or hold. Everyone needs to do whatever they consider best. But comparing Ivanhoe to a uranium company like Fission, or a low grade bulk miner like First Quantum is misleading. IVN is sui generis, in a class all it’s own. There isn’t another junior miner like it on the planet.