$90 BUCKS A SHARE, AND THIS IS CONSERVATIVE AND I WILL TELL YOU WHY AT THE BOTTOM OF THIS POST, ....but for openers, just crunching the math from Chintzy's post, letting his numbers aerate.
Laugh all you want like Jolly St. Nick...
His numbers are hardly NON-DOABLE numbers, and for K and K alone, they result in a market cap of 114B canadian, which is 80B u.s. only for K and K. Ivanhoe Share price of $85.5, albeit for Kakula and Kamoa only, at 20 percent more tonnage than where I think Friedland will come in at, but if anybody understands robert friedland, I would not be surprised in the least at a 20Mtpa operations. This guy does not think at all, unless he thinks big, and this is the primary feature of his personality. Think big.
ps: Remember to ballpark in at least another 10B in market cap for platreef at stage two only, and Kipushi, give or take
so share price well over $90. bucks a share u.s.
from Chintzy's great post, four or five years hence:
"note a perfect storm scenario where IVN is processing 20Mtpa and producing the highest quality Cu in a desperately short world market at $5/lb. profit and a 20X multiple and you get a market cap of 114.4 billion."
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Why his numbers are conservative? First and foremost, they are not real because we will get bought, probably. Today, if somebody offered RFriedland 3X our current cap, he would have a hard time turning it down, but he might. But nobody will do this. I can easily see an offer that is over 100% premium from the current price..........but second,....
You need to have a little vision and base metal investors have very little vision. They have been stomped on, getting such low PE's for so long, the question is, will the worm turn? In lieu of the looming scarcity and demand pull, Ivanhoe investors are about to not believe their eyes. So let's take a trip down memory lane, to see if it may give us a view into the future.
here is some blah blah blah....
In late 1997, I saw that tech every year in hardware and software in the U.S. was doing like 20% return, like clockwork. Both industries were new. Then I invested, and the worm turned.....hardware like Dell and Hewlett Packard slowly gave way to software like microsoft, and the PE's stretched higher, to like 30%; I wondered to myself, as I looked at a Dell or MSFT chart, where the stocks had a share price post split of 30 bucks. I said to myself, who was smart enough 3 years ago, in the early 1990s, to buy these two companies for 4 bucks a share?............ Then, by mid 1998, the world shifted again........computer in the box software gave way to a new reality. It was called the Internet.........Aol (its product was called Netscape), Yahoo, and several other Net search engines appeared. The were investible products, giving way to dozens of other business to people internet companies, like amazon.com, which at that time made no money and had no future of making money but it was an idea that was logical in the new world, and it was being funded, like so many others...........and I jumped into the internet, leaving dell and other hardware companies behind, reluctantly.....and then in 1999 the world shifted again to something call Internet B to B companies, which were rare and in scarcity but desperately needed. I leaped again. Long story short, as we all know now, most of the little internet companies failed, but some did not. I wished I had stayed there, but such is life.
Vision. Vision Vision.
In 4 years from now we will be in a metals crunch. The conservative metals investors will feel like they have died and gone to heaven.
They WILL FEEL UNWORTHY OF THEIR GOOD FORTUNE, TO BE PRECISE.
Just like those who saw gold at the bottom of the bear in 2001 below 300 bucks, only to witness a 250% return in the raw metal 6 years later.
Question, in lieu of the coming scarcity, what would a 250% increase in copper do to the current price, 5 or 6 years from now? This is copper at 8 bucks a share. Even a 16 million ton per year operation at K and K blows the door off triple digits. Yup.....just for K and K and we all know metals run together, during a bull.
Ya gotta see it coming, slowly, steadily, implaccably.....laugh all you want. We are not the energy sector, which is the land of plenty, with gas and oil and uranium in plentiful, almost limitless supply, banging up against each other so much so, that they all must cut production, or out- compete each others, let alone another 3 types of New Energy types coming on the market, and being subsidized at a LOSS, to further compete.
Industrial metals is the only game in town. No substitutes, and dwindling but needed more and more each week that goes by.
The world does in fact redshift and turn, just like it goes round and round. You have to be positioned and to see it coming. We in Ivanhoe are perfectly positioned. Let it come to us now. We own scarcity.
AI
