Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Copper

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.

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Ivanhoe Mines Ltd

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Comment by bloomfield18on Apr 25, 2020 10:01am

171 Views

Post# 30952905

RE:RE:RE:Price Stable for Now

One correction:

August 16, 2919, news release states the Company has $1.2 billion on hand (from all sources) in CAD funds. That's $902M USD.

November 8, 2019, news release states initial startup costs for K-K are $1.3B. Is that USD or CAD? If it's USD the shortfall is $400M. With additional cost overruns due to the virus, it's not hard to imagine a funding shortfall of $500M. In either case, they still need more money than is available. So another financing will be required. If CITIC arranges the financing, as seems likely, it will strengthen their position ahead of Jan 8, 2023.

That doesn't mean share price must fall below $2 or anything like that. It's already pretty cheap.

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