Post by
AlwaysLong683 on Jan 17, 2024 3:07pm
Will IVN's Share Price Go Up Muich in 2024....?
1) IVN only owns a portion of their mining projects:
40% of Kamoa-Kakula (DRC)
62% of Kipushi (DRC)
64% of:Platreef (South Africa)
They do still control almost all of their Western Foreland exploration ground (DRC), but I suspect they may bring in another JV partner if and when the move forward with mining operations there. This is what happens when you want to move fast on big projects - you end up giving up a good portion of the eventual bounty.
I know IVN has stated they do not want to enter into another 50/50 deal like they did with Zijin on Kamoa-Kakula and actually end up with miniority interest in the project (40%), so we shall see how the funding of other projects play out going forward.
2) The market seems to be expecting nothing but good news from IVN in 2024 with all their targets expected to be met on time and on budget, so much of that may already be baked into the share price. Conversely, any miss in terms of costs, margins, or target dates could cause the share price to go lower.
We shall see.....
Comment by
cashtango00 on Jan 17, 2024 6:26pm
TKO's looking great. Market must be nervous with the 600m in debt and their only decent project continues to sit idle. I remember back in 2020 they were supposed to have that mine up in 2021....lol oh the life of a speculative penny stock. We shall see...
Comment by
Thuga1 on Jan 18, 2024 9:22am
The choice for you is clear then. Buy as much First Quantum as you can get your habds on!
Comment by
sdakota on Jan 18, 2024 1:26pm
Think we topped at $14. this is it until good WF results come in. everything else is accounted for in the price now. no other price drivers