Post by
Intregueme on Oct 25, 2024 1:16pm
Is it too late to invest in IVN
Trying to narrow down my decision between West Gold Resources and Ivanhoe. As a young investor I'm trying to rap my head around both company's and where they may be five years from now as an investment. In five years I can easily see WGX at $10 per share. Especially with their latest Karora merger. That is around a 234% share increase. In this same scenario it would put IVN at about $67 per share...
Where do you see IVN in five years?
Comment by
LittleMoney on Oct 25, 2024 2:39pm
I'm expecting a share price of at least $40 in next five years for IVN. But I posted a quick back of envelope calculation last week that showed it could easily go to $75 in that time frame. They also have a lot of very prospective land packages, so a new discovery or 2 would really blow the lid off things. I see a very good risk/reward profile for IVN that fits my type of investing strategy.
Comment by
BeingCensored on Oct 25, 2024 5:41pm
It is if we are in a hyper bubble. Maybe don't concentrate on share price as much as share count. The world is in a crazy place and you want to own as much as you can of quality business's that will be there when financial markets collapse. IVN got what the world needs.
Comment by
Cobalt on Oct 25, 2024 5:56pm
If I extended the upper rail channel that dates back 8 years by another 5 years, what would be the outcome? In November, projecting five years ahead, the upper rail would be $64, equating to a 225% increase, or 45% per year, which is very achievable (imo)
Comment by
Cobalt on Oct 25, 2024 6:13pm
Now the bad news concerning that pattern, if it persists, could be a 12-year rising wedge, which suggests a 75% drop in four years. From around $50 to $15, It seems I've spotted the next recession, set to occur four years from now. LUL