Ivanhoe Mines Ltd (IVPAF)

[tootalljones]

from the partnership pdf:

“Our partnership with Zijin will allow us to develop Kamoa into a major, tier one copper mine at a time
when conditions in commodity markets are compelling virtually all others to run in the opposite
direction. When the consistent, downward trend in head grades at the world's major copper mines is
combined with the current drastic curtailment in exploration and development spending, as well as
cutbacks in sustaining capital, we are highly confident we will see a significant copper-supply deficit and
a sharp rise in copper prices as this decade draws to a close – at approximately the same time as we
expect Kamoa to begin decades of commercial production. The old adage again is proving to be very
true: The best cure for low prices is low prices.”