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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 Sep 11, 2024 9:28am
170 Views
Post# 36218279

RE:RE:RE:RE:RE:RE:share price

RE:RE:RE:RE:RE:RE:share price
What IVN investors seem to keep ignoring is IVN is a company with a current market cap of $21.6B yet only owns a portion of their three current operations (40% of Kamoa-Kakula, 62% of Kipushi, 64% of Platreef). It appears the main reason why RF has been able to build these projects so quickly and with a modest amount of debt is that he's partnered with other entities to obtain the money to build these operations in exchange for a sizeable chunk of the eventual proceeds and consequently, IVN is only receiving a portion of the bounty from these endeavours. I also suspect that future projects started in the Western Forelands will also require a partner to finance the mine build and related infrastructure in exchange for a significant portion of the proceeds. If memory serves, IVN's share price tends to underperform other copper mining companies on the day IVN releases its earnings - the reason may be that a lot of good news is built into the share price (including earnings per share expectations) yet the results don't match the hype.
 
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