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Ivanhoe Mines Ltd. (IVN.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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At close: 03:59PM EDT
706 reactions on $IVN.TO conversation
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Today, I am seeing money flowing from commodities to previously crashed tech biotech solar etc
The call went well. Tough market right now. Core long-term holding. I'll just sit and wait for more developments like phase 4 that should bring copper costs under $1 USD, coining zinc money, Plat and WF strikes.
The sub-$9 for IVN.TO during the morning until early afternoon was a bit puzzling to me although it is not a surprise under the current market atmosphere. At the moment, the market is driven by fear and investors need to accept that fundamentals will have lower relevance to the SP action in the short-term.
However, I have read the earning report and there is nearly nothing I do not like. It's great that the highly anticipated Western Foreland exploration project has been mentioned and it starts to get into the picture. K-K and Platreef will continue their respective development and growth plan and 2024 will be an important milestone. IVN.TO is setting itself to be one of the most important miners for this decade and beyond. Thus, I will just continue my plan to development my longterm position in stages for the decade. The near term SP action will only affect the pace of my accumulation but the overall roadmap for me in this investment will stay on course.
Earning report will be released on coming Tuesday before market opens. Another exciting time to enjoy the remarkable achievement by Ivanhoe in the past quarter. Under the current market atmosphere, it is difficult to predict how the market will react to another strong quarter. However, if you are an investor in IVN.TO, you are again investing in its continuous growth in exploration, development, and production for the decade instead of hoping it to pop suddenly in a quick turnaround.
(1) Kamao-Kakula project will continue to be the focus and it will at least become the 2nd largest copper production mine only after Escondida in the foreseeable future.
(2) No one should overlook the growth in other domains: the Platreef project (1st production in 2024) and the Kipushi production (1st production within 2 years once the decision of construction is made).
(3) Mr. Friedland will start to talk about the highly anticipated Western Foreland exploration at some point in 2022. This can completely change the SP dynamics.
My 2 cents: I will just continuously accumulate at every dip to develop my long-term position. The current difficult market situation is one thing that bothers investors. However, the under-investment in copper mining in the past decades is a fact that no one can deny. Thus, IVN.TO will continue to be one of the most important growth story in the copper domain and beyond for the next LONG while.
Per the recent discussion on the headline PE ratio, weird items like the convertible notes can really make this (PE) a worthless measure. I like to look at Free Cashflows instead. This one mine alone will be minting money with a $1 cash cost per pound of copper mined. I wish management would do a better job headlining that.
IMO, if you are investing in INV.TO, you should really keep your focus on the longer timespan and ignore the short term fluctuations. Keep in mind that It will have the 4th largest copper production by 2023 and will ramp up to 3rd largest in phase3. Eventually, it will be the 2nd largest copper production only after Escondido. Thus, I’m really not sure if you really need to worry about any fluctuation now.
Then, it has the most anticipated Western Foreland and two other very exciting projects coming into the picture soon.
Just continue to establish your long term position with any opportunity. GLTA!!!
IVPAF now has a PE of 167 per yahoo, after losing 4.4 percent today. It should have a PE, as a base metals producer of no more than 12. How low does that mean the price has to get cut down to? What is 167 divided by 12..? It needs to be cut down to a dollar, actually less based on simple math.
All good, but I don’t like $21.5m figure. I guess they expensed out?
Nice price increase. Seems people understood the quarterly report and purchase the stock.
I’m glad they issued a reassuring update. Most companies would not bother. Great buying op if you have funds. I’m out of spare change.
isn't it amazing. they have released that GDP is contracting and market rallies
This board seems to be a bit quiet although IVN.TO is on a clear path to become one of the most important miners in copper and beyond with the 4 exciting production, development, and exploration projects on hand. Each project can easily be linked to the word "BEST" in different aspects and domains. For me, this will be one of the most important play for the decade and continuous accumulation over the next while is a clear plan for me.
At the same time, for all the great friends here, I would also like to share a copper exploration play with you - Solaris Resources (SLS.TO). I highly recommend you to do a DD on it and understand the extreme asymmetric reward-to-risk ratio. Its flagship project - Warintza project - will have its resource update be released within April (very high chance to be on Easter Monday or Tuesday; if not, it will be the last Monday of April). Some highlights of SLS.TO:
(1) the main discovery is Warintza Central; in addition, new discoveries around it include Warintza East, Warintza West, and Warintza South
(2) the 1st phase of exploration program in Warintza Central is done -> unlock a 1 Bt 0.5-0.6% CuEq resource (to be confirmed with the release of the resource update) -> this will already lead to a NAV8% of slightly above $4 billion (the market cap as of Thursday close is about $1.59 billion)
(3) Warintza Central + Warintza East has recently proven to be within the same pit - forming a superpit. The total resource within this connected system will likely be in the range of 2 Bt at 0.5-0.6% CuEq);
(4) The resource update will be released within April to cover Warintza Central + East and unlock the value in an official way to all institutional and retail investors;
(5) The 2nd exploration phase to unlock the high grade core for Warintza East, West, and South as well as to chase the high-grade starter pit extension of Warintza Central is on-going. Moreover, a potential new discovery called Yawi will likely happen in 2022.
(6) The entire system is going to demonstrate a multi-billion tonne potential with low CAPEX and OPEX. There is really very few advanced exploration project in the pipeline to fill the needs by major miners. Thus, this will be an outright buyout target in the near future.
My 2 cents: Historical acquisitions of copper mines are in the range of 0.9X to 1.0X NAV8%. Therefore, it is extremely clear the current market cap of SLS.TO is a steal as it is significantly undervalued. The valuation gap already makes a unique opportunity for any investor to consider. Do your DD to understand the opportunity if you are interested. However, please make sure you are aware that the resource update will be released real soon and the time to initiate a position at the pre-resource release SP will be gone soon. GLTA!!!
1franksinatra - my first mute on this board. Let’s all say goodbye to frankie and thanks for his brief contribution of pessimism. Bye, frankie. Mute.
Wow, what a great Friday 13th. I was really afraid to see another carnage, as vampires, ghouls and zombies feast on the flesh and blood of poor retail investors...
It is difficult to see where Copper price will end up once the inflation pressure diminishes say in 2 -3 years time versus increase in Copper demand with the "electrification". Thought?
I just read that 400 million Chinese citizens are under partial or complete lockdown, representing 40% of their GDP being slowed down or at a standstill. It's affecting global transport and trade as well.
How long before copper price is negatively affected by all these factors?
The positive aspect is the West should take this opportunity to distance itself a bit (ot a lot) more from Chinese goods and become more self-reliant. Globalization is dead and it may be a good thing.
By October 1st, the S and P will be 1000 points lower, and IVPAF will be 4 bucks even, but that is not the problem. In a sense, all of the stock market issues will be over for IVPAF longs. Seizure of the ivanhoe mine, together with the drill results....The DRC will then make a play for all of the drilling on the new property to the northwest.....DRC will make a firm offer of 30 million take it or leave for the adjacent property, provided they get all drilling records to date. Why should the canadians own anything in the DRC, just ripping off the citizens?
Buying the dip
Makes no sense why this is down. Guess I’ll just buy more!
next stop is 6 bucks. By August 15th, it will be $5. even, as the stock market collapses. When she hits $4 in October you will see the DRC come in and seize the property and the mine completely. They will know how to pretty much run it by that time; and anything they don't, they would outsource. Why get 15% of something when you can get 99%, less the cost of 30 or 40 contractors?
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