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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

Comment by Potadvisor1on Dec 19, 2023 9:53pm
211 Views
Post# 35793015

RE:RE:RE:RE:Does IVN ever beat CS?

RE:RE:RE:RE:Does IVN ever beat CS?Exactly crow. IVN has it all and the best in the world, so it does not matter that other stocks go up more than we do, since there are many will, but if you want a continuous rise with a potential huge upside price explosion due to our high quality extensive exploration portfolio, than you stick with quality, not junk. A company like CS might have gone up more than IVN but here is why a smart investor would never own it. A recless gambler maybe, but eventually the downside of that type of company will become very very clear and evident, so here is why REAL investors should avoid it. 
#1 Their properties are in Chile, a very risky jurisdiction, and Mexico which is not much better and the US where permitting is sometimes questionable.
#2 Theis C1 is through the roof ; Q3 2023 C1 cash costs1 of $2.88/lb were 4% higher than $2.76/lb Q3 2022 and even worse was the year to date; 2023 YTD C1 cash costs1 of $2.96/lb were 10% higher than $2.68/lb 2022 YTD mainly on higher operational costs
and all this at higher copper prices at $3.75/lb
#3 They had an actual LOSS during that quarter; 
Net loss of $42.3 million, or $(0.05) per share for Q3 2023 compared to net income of $37.5 million, or $0.05 per share for Q3 2022.
So their costs are rising and IVN's are going to fall next year with the smelter.
Now compare that, and not the share price rise to IVN'S quarter. 
Which company do you want to hold over the long haul. ?????????????????
I know what my answer to that is, since I don't chase what is popular today since that type of support dissappears in time. It's one dummy hoping another one buys that stock at higher levels, but eventually there has to be a reason as to why it will go higher and I just showed you the reasons as to why it is highly overpriced. It is their locations, loosing money and costs that are more than double of IVN's. A smart investor understands all that and buys the company whose numbers show that it makes sense to invest in the stock and not gamble. The questions is: Are you a gambler or and investor. If you don't know the difference, perhaps bingo would be safer lol or perhaps reading Warren Buffetts and Charlie Mungers take on it would help. 
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