PDAC
post by DC777888
March 07, 2017 04:34 pm
so I just got back from PDAC ...regarding Ivanhoe...their booth was jammed from the moment I got there until I left. I talked to David one of the head geologists about the share price and he just laughed. He said it's the most unervalued stock on the market and that the market hasn't begun to understand it's true value yet. He mentioned that we are not even close to fair valuation for even just one of our projects. Also, another one of the representatives said that there will be drill results being released sometime in the next 2 weeks with other news releases to follow. He made it seem that there would be a few of them. Obviously he couldn't tell me what exactly...but reassured me that they would be coming out. It seems that the price decline is simply a bunch of people taking profit. .at least that is what the sentiment is. Between Brent cook selling his whole position, the insiders selling, and the small guys just following suit this seems to be the explanation for the decline. However they all stated over and over how much of a bargain it is. Lastly, an associate of mine got a chance to talk to Brent cook and he mentioned that there is a real possibility of the 3 mines being split into individual entities as well as a buyout for the whole company at a much higher price. It seems to me that there is a growing consensus that they would pull another voisey bay at a much higher price rather than bring it into production themselves. Get the premium bonus without all the headache..but that's just my take.. Hope this helps ...cheers.
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[**note: "David" referred to above is our top geologist I believe, and was one of the featured speakers on the Dec 15, 2016 conf. call describing Kakula and comparing it with the world's other greatest deposits, many of which he has worked on or is highly familiar with.
DR. DAVID BROUGHTON (from the ivanhoe website)
Senior Advisor, Exploration and Geology
Dr. David Broughton joined Ivanhoe Mines in January 2008 and has overseen Ivanhoe Mines’ discovery of two major mineral deposits, Kamoa in the DRC and the Flatreef in South Africa.
Dr. Broughton is recognized as an expert in sediment-hosted copper deposits, and has been a key participant in several discoveries and successful development projects. In May 1984 his professional career began in Canada where he was involved in the mining and exploration for gold, uranium and base metals, for a number of companies including Hemlo Gold, Agnico-Eagle, Canamax and Cyprus Amax. From November 1997 to June 2000 he was Geology and Project Manager for Cyprus Amax’ Kansanshi pre-feasibility project, now Zambia’s largest producing copper mine. From August 2000 to October 2003 he was part of the AMIRA P544 research team focused on mineralization controls in the Zambian Copperbelt. Following this he worked as a consulting geologist specializing in stratiform copper deposits in Zambia, the Democratic Republic of Congo (DRC), Namibia, China, United States, Canada and Poland. He was co-leader of the Kamoa discovery team that is the 2015 recipient of the Prospectors & Developers Association of Canada’s (PDAC) prestigious Thayer Lindsley Award. This award, honouring the memory of one of Canada’s greatest mine finders, recognizes an individual or a team of explorationists credited with a recent significant mineral discovery.
Prior to joining Ivanhoe Mines he was Exploration Manager, Sediment-Hosted Copper Deposits for Phelps Dodge Exploration Corp./Freeport Exploration from December 2006 to October 2007, focusing on projects in the DRC (Tenke-Fungurume), Zambia, Canada, United States and Peru.
Dr. Broughton is a Fellow of the Society of Economic Geologists and a Fellow of the Geological Association of Canada. He also is a member of the Society for Geology Applied to Mineral Deposits and the Geological Society of South Africa.
Dr. Broughton received a BSc. (Hons) and a MSc. in Earth Sciences from the University of Waterloo and a Ph.D. in Geology from the Colorado School of Mines.]
AI
