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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 AlwaysLong683on Jan 07, 2024 1:08pm
161 Views
Post# 35814601

RE:RE:RE:RE:DRC

RE:RE:RE:RE:DRC
cashtango,
 
Looks like it's you who has an issue with reading comprehension re. what I actually stated in my past posts on this BB.
 
You also seem to have difficutly either clicking on or reading links to relevant studies by reputable sources.
 
1) " ...the DRC is well known in the mining community as " the place to be"..."
 
Not according to actual mining company executives interviewed for the Fraser Institute's Annual Survey of Mining Companies 2022 (published May 4, 2023). I provided the link in a previous post of mine but will do it again here in case you've come down with a sudden case of amnesia. Also, where's your link to a research study by a reputable source concluding that executives of numerous mining companies in the industry believe the DRC is "the place to be..."?
 
2) "...(the) very jurisdiction your praise has being the safest place to operate, forced the very company you think is so great (TKO) to walk away from the greatest they had....).
 
Two problems with this statement.
 
1) Please indicate the date and time of the post where I stated B.C. is "....the safest place to operate"....? 
 
You can't find it, can you?
 
What I did state was B.C. is not a the graveyard of stalled or contested projects some in here make it out to be. Believe me, you don't want to get into a contest where I list the names of First Nations that have approved projects in B.C. (and even partnered with the mining company to see the project through) vs. your list of those that rejected or are fighting in the courts to block such projects.
 
While I do think B.C. is a good place for mining operations (perhaps you should check out how many companies are either currently mining there / preparing to construct new projects / are in the midst of construction with a targeted date for first production), I think among the safest are select American states (including Arizona - surprise!)
 
2) TKO's New Prosperity claims have been contested by the Tsilhqot’in Nation for many years now. What value do you think the market is currently placing on that project in TKO's share price given those issues? I'd say $0.00. TKO is focused on the Florence Project in Arizona, and that's plenty for a company their size. If they eventually work out a deal with the Tsilhqot’in Nation to advance a project at New Prosperity, great. If they sell the claims to another entity that believes they can work out a deal with that First Nation, that's a bonus too. If not, I think the market's belief that this claims package is not worth anything at the moment is already baked into TKO's current share price.
 
3) "...IVN has been operating (in the DRC) for 20 years with absolute success..."
 
Great. Let's see what the next 20 years look like as that's all that matters at this point in time. I don't think having the majority of your people (62%) living in poverty is sustainable (again, here's the link to the source of that claim in case you also missed it in one of my previous posts) coupled with a government that doesn't have many industries outside the natural resources sector from which they can draw sizeable amounts of additional revenue to fund all that's needed to end the suffering of their citizens and thus reduce the likelihood of a rebellion of some kind (or get kicked out of office and replaced by a government that will utlize their powers of taxation and/or control over the land of their country to do what the previous government would not do).
 
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