Ivanhoe Mines Ltd (IVPAF)

[tootalljones]

another broker upgrade this a.m. reported. DUH....
RE:RE:RBC price upgrade
RBC views Zn and Pd as metals of choice going forward due to supply balance. They are more neutral on Cu, Fe and Au. The upgrade was buried in the table of companies in their coverage spectrum, and they have not detailed beyond their previous NAV discount estimate. I assume part of the upgrade was from NAV benefit accrued from Kakula.

From the report:

Ivanhoe: Ivanhoe Mines is a long-dated development play that has the potential to realize significant value as it advances its three world-class projects, Kamoa (Cu), Platreef (PGM), and Kipushi (Zn & Cu), through development and into production over the next five years. Drilling success and an impressive initial resource at Kakula on the Kamoa property have led to strong share price performance over past three months, and we believe the outperformance will continue.

Read more at http://www.stockhouse.com/companies/bullboard#7O857W8O4pXr5xdQ.99