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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 Jul 14, 2020 12:08pm
231 Views
Post# 31265881

Not Expecting Anything New in the Kakula DFS

Not Expecting Anything New in the Kakula DFS

That $4 share target assumes an 18Mtpa mine, not a 12 Mtpa mine. So for overall price valuation you want to see if anything changes in the 18 Mtpa scenario. 


Possible run on the stock: Three years ago, on the eve of the Platreef DFS, share price tightened up at the $3.80 mark, then held at $4. When the DFS arrived, it was treated as the Second Coming. In a single day IVN jumped to $5... and the next fell from $5 to $4. Everyone fell out of love really fast. Subsequently, share price slowly circled the drain for over a year, before finding support at $2. I am curious to see if a similar scenario plays out now. It's a lot tougher to pull off these days, with the world in a deep recession. 


One final thought: Don't worry. Be happy. Ignore all those tens of thousands of bodies  piling up like cordwood down in the States. It doesn't mean anything. They'll probably have a vaccine next week, and everything will go back to normal. Capiche!
 

Bullboard Posts