RE:RE:RE:Friedland & Oyu TolgoiGot a feeling that by 2020, probably Zijin and Citic will team up to buy out IVN.
Even today, I think they would like to buy the whole enchilada.
Friedland has already demonstrated the richness of the 3 mining deposits, through many
years of exploration and investment.
But, however I think , RF wants to get a few more results on current drillings, that might
increase the copper reserves in zones near the great deposit of Kamoa-Kakula.
For reference, Oyu Tolgoi ( if Im not mistaken) contain 1.4 billion tonnes of copper graded at 0.86%. Rio Tinto owning 66%, and Mongolia government owning 34%.
Kamoa-Kakula , as today, M&I has over 1.4 billion tonnes of copper, but at a insane grade of 2.64%.
IVN owning 40%
Zikin owning 40%
DRC owning 20%
Much more copper per ton than Oyu Tolgoi and any other Copper mining on earth,
plus rigs are still drilling. So once is set and done, total reserve
proven might get close to 2 billion tonnes at a higher grade.
IVN -Oyu Tolgoi sold to Rio Tinto, a year before their first shipment of Copper.
If history repeats, 2020 IVN could get bought out.
I don't think the Chinese would go all-in when price of Copper is in the stratosphere, or at least over 3.50/Lb
Or after RF finds more Copper, which would increase the value of the projects.
Or when IVN share price is over 15.00
This is the perfect time for Zijin and Citic to offer a buy-out of IVN, but I think RF is holding them.
If Western Foreland comes out with Bonanza grades, the Chinese will kidnap RF, and won't let him discover more copper.
The Chinese know that the 3 projects are the cream of the crop, on planet earth.
And I hope Friedland don't give it away.
With all the breakdown of percentage ownership of the projects, my guesstimate of each project value in IVN with 1.19 billion shares outstanding is :
Platreef = 4.00
K&K + WF = 8.00
Kipushi = 1.00
Will Robert Friedland be able to get 13.00 per share or over if a takeover occurs ?