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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

Post by liquorwolfon Mar 18, 2023 7:28am
510 Views
Post# 35346591

IVANHOE IS GOLD

IVANHOE IS GOLDIvanhoe is holding its own, but the company is not all copper. Remember, they have the equivalent of 180 million ounces of gold at Platreef. By the day, as gold rises, their property becomes the crown jewel in the portfolio. We own 64%. 
  • Planned initial average annual production rate of 476,000 ounces (oz.) of platinum, palladium, rhodium and gold (3PE+Au), plus 21 million pounds of nickel and 13 million pounds of copper.
  • Besides the 3pe+au which in itself is worth somewhere in the vicinity of  $600 million, the nickel and copper kick in another $250 million. So boil this down to how much is Platreef worth. My guess is anywhere between $5 and $10 billion USD. IVN's mkt cap is $10 billion. You are buying it at half price. Then throw in Western Forelands, Kipushi and Makopane and at the least they are worth $1 billion. 
  • Take this to the bank at $25 per share before the year is out. 
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