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@NickZed $IVN froedland also has some financing clause that allows him to match or do better than any financing that the chinese can raise- to bring ownership up to 49 or 51% (i can't remember exactly)
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from #copper,
@marketwired New discovery hole intersects a shallow, 3.8-kilometre extension - now known as Kakula West - of the Kakula Copper Discovery at the Kamoa-Kakula Project @marketwired/new-discovery-hole-intersects-a-shallow-38-kilometre $IVN $IVPAF
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from #newsroom,
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@0Kib Kakula heading to be 2-3x larger than last resource estimate #wow $IVN
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@racker $IVN outstanding! sea of #copper "New discovery hole intersects a shallow, 3.8-kilometre extension - now known as Kakula West - of the Kakula Copper Discovery at the Kamoa-Kakula Project" @marketwired/new-discovery-hole-intersects-a-shallow-38-kilometre $IVN $IVPAF
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from #index,
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@0Kib Bernstein had a target of $10 on $IVN before this resource upgrade. I guess it needs a little more elevation $IVN #BigElephant
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from @0kib,
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anonymous Think $ivn will break 5 today?
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from #index,
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@CautiousNow Interesting that RBC picked up 315,000 shares in the first three minutes this morning. Someone believes! Looks like I'll be in $IVN longer than I expected. Fabulous news today. It's hits like that one that make this sector so addictive....
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from #nrn,
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@tumbleweed Have seen a few $10 price targets recently. Is that a near-term target, a target once production begins, or a buyout target? I know there is still a lot of upside, but trying to get a better feel for the potential share price. Knowing Friedland's track record and what he has said about $IVN, it's easy to get excited.
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@0Kib Most of these targets tend to be discounted cash flow based price targets going 10-20 years into the future depending on LOM so they obviously assume production
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@FundamentalAnalysis @tumbleweed agree with @0Kib but apart from NPV analysis, I just use $TRQ as a very general guideline. That company has only one very large project and currently generating no revenue, as its into the next phase of developement and yet still has a far higher market cap. Grades are lower and economics arguably inferior, similar ownership of project etc....... won't delve into all detail but just using that as a guideline on how world class projects are valued, its not unreasoable to think this company can go a lot higher. Rick rule talked about $20, which in a better commodity environment and three projects not just one....doesn't seem outrageous....but that's very long term potential.
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@tumbleweed thank you @0Kib. @fundamentalAnalysis appreciate the insight. when you suggest "long term potential" are you saying 5 years, 10, 20?
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@FundamentalAnalysis @tumbleweed I would say upto 10-20years for very long term potential to $20. But if Kamoa/Kakula can continue expanding and also get up and running in the next 5years....we could see $10...commodity prices moving higher overall would increase valuations faster however....its all about margins in my opinion
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@Fried "In the mining exploration business, the very idea that a crew would drill a stepout hole almost four kilometres away from the last known mineralization is virtually unheard of," said Robert Friedland, chairman $IVN $CDB
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from #index,
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@drezinho @fried To which of the two was Robert referring? (assuming $ivn)
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from #cdb,
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@CautiousNow What historically happens for companies like these is that the price goes up as the info is being accumulated on the scale of the resource and then drops off as you switch focus to building a mine. The unique circumstance here is that there are multiple stories that are some of the best discoveries in recent years. The potential scale of the resource associated with each project is that it opens up a lot of potential permutations for the path forward respecting partial sales, JVs, full takeover, etc. The scale of the total resources is such that Robert will have many choices that just increase as drilling confirms additional resource. The involvement of the Chinese and the government mitigates some of the political risk that would otherwise exist. Prior to the most recent news, I had intended to sell my $1.15 position at $5.50. Now I'm hoping for $7.50-8 over the next six months, at which point I'll reassess the risk-reward equation in the context of other opportunities that may exist in the market. Hope this helps. So happy I didn't exit for the quick win at $3. Shout out to Rick Rule for flagging this one on BNN last year.
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@BreakingBad01 $IVN Just got my copy of The Big Score - Robert Friedland and the Voisey's Bay Hustle. Looking forward to reading it. #Magic
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@Geoffgm3 @BreakingBad01 just finished it. Great read.
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@Aaron Am I the only one a bit surprised about today's pullback? Yesterday's news was huge. Basically doubled the size of a Tier 1 copper deposit. Profit taking in an angstful market today I guess. $ivn
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@DJS Im quite surprised too. Yesterday was absolutely huge. Buying at this price today is like if you could have bought last week in the $2.50 range. Just bought a bunch more. $IVN
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@0Kib $IVN added some more today. Prior to yesterday I had read Kamoa/Kakula as being worth $10 Bn+ of which Kakula was the larger part. With Kakula reserves rising by 2-3x potentially, $IVN 40% share goes up by a few billions not the $150m increase in market cap seen so far. I don't think most of it was priced in prior to yesterday so most of the repricing still lies ahead #copper #zinc
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@0Kib Nice bounce off intraday lows of 4.48 to 4.64 now $IVN
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anonymous Word will get out about new discovery
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@0Kib Nice bounce off intraday lows of 4.48 to 4.64 now $IVN
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from #ivn,
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@0Kib $IVN As I read recently most large miners are essentially a play on commodity price. Volume growth is limited. $IVN WILL be a rare large cap producer that provides strong volume growth as well as price upside potential with lowest quartile costs, lowest quartile capital intensity, highest quartile profits and highest quartile growth. The #GoTo stock of the new commodity bull market.
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@Jayfire Was Ivanhoe a no brainer stock investment? @MiningBookGuy and @TheNextBigRush $IVN https://www.youtube.com/watch?v=sxyRj_nwU4o+
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from #mbgtrends,
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@Jayfire I misspoke, the $1.36 placement was for 9.9% stake in $IVN, and $412 million was for just 49.5% of Kamoa project alone... #mybad
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from #mbgtrends,
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@DJS @Jayfire I will definitely watch this when I have the time later tonight or tomorrow, but even without having watched it yet I can assure you that it was when I first bought it at $1.16 back in July. And people can call this pumping if they want, but after yesterday's 3.8 km step out hole I would say that it is once again back in "no brainer" status. DYODD. $IVN
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@Jayfire @DJS This story $IVN keeps getting better and better... It's definitely evolved into one of those "just set it and forget it" stocks that should/will do well in any commodities type of environment... The assets are just that darn good... I bought back in recently and am trying not to overthink things like I usually do to my own detriment. Just buy and hold. #SoSimple
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@FundamentalAnalysis @jayfire Yup $IVN was definitely a no brainer stock back then, I remember thinking this is trading for cash in the bank, assets for free. With hindsight one wonders why didn't I just put more in at the start!!!! I even remember sending my portfolio to rick rule for evaluation back in January 16, and he put Ivanhoe as his top pick pick. All stars were aligned back then.....
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from #mbgtrends,
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@0Kib like his elder almost namesake sibling $IVN will either be bought out at a substantial premium, or will become a producer valued substantially higher. One of the two "lesser" projects - Kipushi or Platreef could easily be sold to help fund the Capex for the rest. It's effectively now on auto pilot. #GoTo stock #copper #zinc
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@0Kib Each of #Kipushi #Platreef #Kakula are the highest grade tier 1 assets in their respective category, with grades a multiple of industry average and comfortably higher than the nearest tier 1 follower. Such a combination has rarely been assembled together and available for so cheap. $IVN
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from @0kib,
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@DJS @Dunite I'm pretty sure that $IVN has about 775M shares currently issued and outstanding; not sure what its fully diluted number is.
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from #mod.ax,
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@CautiousNow @Dunite @DJS yes, that seems about right for $IVN. The difference that lets me rationalize the large number of shares out is the combination of the cash on hand and the ability to finance a project through debt and an equity raise. I don't plan to be in at that point, though.
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from #mod.ax,
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@NickZed Is the 3.6bn mkt cap justified in peoples opinions st this dtage of the development cycle? I'm considering investing and just was wondering. Thanks in advance
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@BreakingBad01 "Robert (Friedland) walks a very fine line between being a charismatic leader and a conman" - Steve Jobs quoted in The Big Score (by Jacquie McNish) $IVN #Books #RobertFriedland $CDB
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@BreakingBad01 "When you look at one of Robert's plays, pretend you're looking at a scene from Gone with the Wind. It's dramatic, heart-stopping, breathtaking, mesmerizing, emotional. If you step far enough back from the scene you see a bunch of props...and that's the play" - Frank Giustra on #RobertFriedland in The Big Score (by Jacquie McNish) $IVN $CDB #books
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@investorwannabe @NickZed -- have a look at the underlying assets and then look at Oyu Tolgoi, another copper asset Friedland discovered and took to production.
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@DJS @investorwannabe @NickZed Don't forget the Voiseys Bay Ni-Cu VMS discovery in NL that his company, Diamond Fields, discovered and sold to Inco (now Vale) which was a 100+ bagger for many. My understanding is that it is currently one of Vale's most profitable mines.
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@investorwannabe he took OT from 100m to 16bn capitalisation, that's what RR always says. this $IVN bundle is more than just copper, though. think if and when PGMs really take off (will they ever?) where this stock could end up. it's large, liquid, investable to institutions unlike many other deposit plays.
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@0Kib $IVN on rock and roll
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@0Kib Kamoa-Kakula: The World's Biggest Copper Mine? $IVPAF http://www.seekingalpha.com/article/4057743 $IVN
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@drezinho @mountains_of_glory #rickrule mantains that world-class mining assets have a tendency of being built: "Tier 1 deposits succeed despite politics" in reference to $IVN. Source: http://www.bnn.ca/rick-rule-s-top-picks-november-11-2016-1.605939 (minute 1:00) Yes, there is political risk in Turkey. Arguably, however, country risk is lower than in other jurisdictions where projects are more advanced in the pipeline. $MARL will re-rate as the project itself is de-risked IMO.
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from #marl,
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@0Kib $IVN could well have 100bn+ lbs of copper across #Kamoa #Kakula (previous resource estimate across the two was 59bn lbs which is surely set to go substantially higher after recent step out drilling news). That could well justify a 40+ year LOM with 0.72 Bn lbs annual production (or 2% of global production). Say US$2-3/lb CF at mid/peak cycle (given this lowest quartile cost/capex op) and you get $1.5-2 Bn in CF, or US$600m to US$800m for $IVN's 40% stake. A 10 multiple on that gives you US$6 Bn to US$8 Bn in value just from this asset. That's C$8-11Bn or 3x from the current valuation without counting anything from Kipushi or Platreef or other optionalities. 5x on $IVN is a reasonable not even a stretch target at all. #GoTo stock #copper #zinc
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@Excelsior #RickRule Pre #PDAC 2017 #Mining Stocks on #BNN Market Call MARCH 3, 2017 Rick Rule covers a great deal of ground in this BNN #Video interview (from a few weeks back) on some of the more popular mining companies: $IVN Ivanhoe, $ANF Anfield Gold, $KL Kirkland Lake, $CGP Cornerstone Capital & $SOLG.L SolGold, $PVG Pretium Resources, $NAK $NDM Northern Dynasty, the XAU Index, $DDC Dominion Diamond, Reservoir minerals/ $NSU Nevsun, $HL Hecla Mining, $PAAS Pan American Silver, the #Silver market fundamentals, $CDB Cordoba, $SLW Silver Wheaton, $BGM Barkerville Goldmine, $VIT Victoria Gold, $DPM Dundee Precious Metals, $LUC Lucara Diamond, investing in #Gold bullion, Off balancesheet liabilities and #debt of the US Government, $TV Trevali Mining, $NXE Nexgen Energy, $ALS Altius Minerals, $BTG B2Gold http://www.pennyminingstocks.com/rick-rule-pre-pdac-2017-mining-stocks-bnn-market-call/
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from #index,
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@0Kib Zijin Mining is talking 216Ktpa of Cu metal output from #Kakula at cash cost of US$0.37/lb.That's 475m lbs of copper generating nearly $1.07 Bn of profit (80%+ margin) or US$400m $IVN share. Put a reasonable multiple on that profit and that one project alone...in just its initial phase...easily justifying the current $IVN market cap. LT Zijin is exploring double the above design capacity.
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@PamplonaTrader Militia fighters decapitate 40 police officers in Congo ambush http://www.reuters.com/article/us-congo-violence-idUSKBN16W0HN #cobalt #copper #DRC $KAT $IVN
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from #index,
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@Rulingmining @PamplonaTrader Wow!
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