Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by argaivon Oct 14, 2021 1:55am
426 Views
Post# 34003981

If Production Targets Are Met Next Year

If Production Targets Are Met Next YearYou can use some numbers that are below the current copper price and look at the profit.

400,000 tons x 2000 lbs/ton = 800,000,000 pounds of copper produced

Let's pretend our all in sustaining cost is $1.50, and that we only sell it for $3.50 a pound.

We are making $1.6 billion in profit.  If we sell if for $4.50 a pound we are making over $2.4 billion in profit.  You are talking almost $2 a share income.  This is all about achieving the milestones, and the market rewards shareholders.  The life of mine is close to 50 years.

That is well over $1 a share income, and we have not even mentioned the potential of West Foreland, Platreef, and throw in Kipushi.


<< Previous
Bullboard Posts
Next >>