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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
Post by bloomfield18on Dec 04, 2019 5:11pm
344 Views
Post# 30422637

Platreef NPV Improved Over 50% From Base Case Scenario

Platreef NPV Improved Over 50% From Base Case ScenarioOriginally $916 million for a 4 Mtpa mine; it's now over $1.5 billion. You can see this clearly in Table 22.16 of the 2017 Feasibility Study. Since Palladium and Platinum are together in equal amounts, the value (Pd + Pt / 2) can substitute to obtain an average price for each. They couldn't have anticipated the sharp rise in demand for palladium at the time of the study. Rhodium, currently $5600 oz is a real wild card. The FS anticipated $1000 oz. For palladium, the price assumption was $825, not the current $1850. It's currently $1000 oz higher than the price assumption provided in the study. Bottom line: since much of the original CAPEX will be absorbed by initial construction of the 4 Mtpa operation, for a 12 Mtpa mine at Platreef, NPV 8 is in excess of $5 billion, And that's a fairly hefty discount to cash flow to account for risk. Most traders have no idea what they're sitting on.

Bullboard Posts