No buy-outsuntil Ivanhoe is fully valued. Why would Friedland even entertain a low bid now when the company is worth $20 (at the extreme low end of the scale)? Besides, the Chinese have what they want: a large secure supply of concentrate to feed their smelters and manufacturing needs.
What needs to happen to get this thing to full valuation?
(1) K&K mine/mill expansions completed along with the Cu blister smelter. This will drop their AISC.
(2) Platreef production successfully commenced.
(3) Kipushi production successfully commenced.
(4) Some quantification of WF potential (tonnes & grade). They've only scratched the surface there but we know the exploration model is sound.
I'd like to see the debt paid-off and a rich dividend being paid before I'd be willing to sell. This is a once in a generation type of investment. I'm sure others would agree.