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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 Jan 15, 2020 4:09pm
254 Views
Post# 30557303

Comparison of NG and IVN: Platreef Half the Cost per Oz

Comparison of NG and IVN: Platreef Half the Cost per Oz

According to the most recent NG presentation their AISC (all in sustaining cost) per oz is $532 for the first five years, and $735 for LOM (life of mine average). Compare that with Platreef at $351 oz for LOM. It will cost NG more than twice as much to produce each oz. This despite Donlin being a high grade, 2 g/t + open pit. Throughput at an open pit should be an order of magnitude higher than an underground mine.

Where is all their money going? While it's true that Alaska is relatively politically stable, perhaps there is a steep price to pay for all that stability. It's not free. Is it worth double the cost per ounce? And the resource at 40 million ounces is about half that of Platreef. Donlin does look really great. It's just that Platreef is three to four times better. And as Tops has pointed out, that doesn't include the main showpiece, Kamoa-Kakula or Kipushi. What does that tell us? IVN has a lot of upside going forward.

Bullboard Posts