Ivanhoe Mines Ltd T.IVN

Platreef Mine up and running 3rd qtr 2024 - 25 years prep

[Goodtoreadthis1]

https://www.ivanhoemines.com/wp-content/uploads/2023-12-07-IVN-Investor-Presentation.pdf

[NotSoBrave004]

Back to my earlier comment, the smelter will bring C1 costs down to $1.2/lbs. This does not include any reduction achieved by the rail line. We know logistic costs are (cumulatively) 30% of the overall amount. Unless I am missing something, this means the new C1 number should hover around $1.0/lbs, maybe a tad higher. Absolutely mind boggling!!

[NotSoBrave004]

And forgot to mention the discount on the hydro bill we will get after stabilizing the grid and pumping in hundreds of millions... that could push the C1 figure below$1.0/lbs. don't know the exact parameters, but would be an interesting question on the next conference call.

[chintzy]

There is also the sale of by-product sulphuric acid from the smelter which will gap-down the cash cost 10 or 15 cents more and below a dollar to possibly a .8 handle. I came across this article on the state-of-the-art sulphuric acid plant they are building into the smelter.  Every aspect of this mine is top-notch.  They forecast production of 650-800K tonnes of sulpuric acid annually

[Cobalt]

Kazakhstan’s national atomic company Kazatomprom, the world’s largest producer and seller of natural uranium, has forecast a potential dip in its production numbers this year due to a shortage of sulphuric acid. In some conventional uranium mills, sulphuric acid is the leaching agent and it is a critical ingredient in Kazatomprom’s operations. A significant amount of global sulphuric acid