Ivanhoe Mines Ltd (IVPAF)

[tootalljones]

Johnnyola1
October 26, 2016 - 11:43 AM 195 Reads
Post# 25387718
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RE:RE:RE:$1.99 plus tax
As a possible reference point: Japan paid 300 million in 2013 for 10% of ivanhoe back in 2013, suggesting a bulk "wholesale" price for the company of 3 billion dollar back then, with a discount purchase price to them for their sizeable investment; turns out, and time has shown, and the market will show, they made a great deal given:
what has transpired since: This was when Kamao had less than1/10 of its current copper deposit, and at lower grades (!!);
Platreef had far less than half of its current metals, let alone the company's current view of the endless nature of this Tier 1 Deposit, and
Kipushi was a concept with needed drilling, with a possible future.
Strictly speaking, if the japanese transaction is relatively fair, we are now undervalued by multiples. Share price back then over 3 bucks. Work at all projects has been ongoing since and positive.
All the other stuff balances out imho..
How are we not 3 bucks for starters for heavensake? .
Buy and hang on at the bottom of the bear.
Buffet: "price is what you pay, value is what you get."
patience

Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.ivn&postid=25387718#ZbDQ3G2fVebTGhoq.99