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Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and... see more

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Nevada Copper Corp > My comparison between Ivanhoe and NCU >>>

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Post by Notgnu on May 24, 2021 9:17pm

My comparison between Ivanhoe and NCU >>>

I am guessing a 30% political risk factor (or discount on IVN) and that Ivanhoe's KK project represents 85% of IVN'S Enterprise Value (E/V)

*** Note: also that IVN'S adjusted portion of the project is $8.5 billion E/V for 40% of the overall production.

	IVN @ 40%	NCU @ 100%
Long term average copper production per year (uses 500,000 tonnes production)	440 million pounds	290 million pounds
$4.60 copper less ($1.15 for IVN and $2.00 for NCU) all in cost per pound	$3.45 C/F	$2.60 C/F
Long term avg annual free cash flow	$1.52 billion	$750 million
IVN E/V X 85% for K.K. only	$8.5 billion
NCU E/V plus $1B to build the open pit		$1.4 billion
Cash flow factor 1:6 adjustment IVN to NCU	$267 million	$750 million
DRC 30 year risk vs USA risk neg 30%	$187 million	$750 million	4X

Ivn = 4X as expensive

Looking for factors to adjust this further to update it's accuracy if anyone has comments that are actionable.

Cheers,
Notgnu

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Comment by Notgnu on May 24, 2021 9:21pm

PS: the math is such that the higher the price of copper goes the better that the equation favours NCU. The converse is also true. If copper goes way, way down then Ivanhoes low cost protects them from outright failure $1.15 cost IVN versus $2.00 cost per pound for NCU .....but if there is a change in government in the DRC 5 years from now then IVN could go to ZZZZEEEEERRRR ooooH N

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Comment by Fishbillion on May 25, 2021 9:13am

This post has been removed in accordance with Community Policy

Comment by Notgnu on May 25, 2021 10:36am

Anything can be compred. Rough estimate currently stands at 4 dollars to 1 dollar or 244 Rubels to 61 Rubels the currency is your choice but the ratio remains the same. N

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Comment by Fishbillion on May 25, 2021 11:06am

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Comment by new2inv on May 25, 2021 11:11am

looks like things are changing in DRC. same to south america? copper next? Congo seeks cobalt mine deals review, jeopardises China's aim of leading global electric car market Read more At: https://www.aninews.in/news/world/asia/congo-seeks-cobalt-mine-deals-review-jeopardises-chinas-aim-of-leading-global-electric-car-market20210525101257/ https://www.aninews.in/news/world/asia ...more

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