RE:RE:IVN - Zinjin Question?IVN - what's this work out to price per share factoring in some dilution along the way - $50 bucks target maybe higher!
The Kamoa-Kakula copper project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of the Congo (20%).
According to an independent pre-feasibility study released in 2019, if all phases are completed, the operation is expected to reach peak annual production of more than 700,000 tonnes of copper.
The updated resource estimate for the massive project shows it holds 1.4 billion indicated tonnes grading 2.74% copper for 83.7 billion pounds of copper and another 339 million inferred tonnes grading 1.68% copper for 12.5 billion pounds of copper at a 1% cut-off grade.