Ivanhoe Mines Ltd (IVPAF)

[JB3729]

Good post!

Just a little clarification -

The Japanese paid $290,000,000 for 10% of the Platreef Project in South Africa. They have no ownership in Kapushi or Kamoa. They felt that Platreef, alone, was worth $2.9 billion back in 2010/2011.

Ivanhoe's Platreef Project's drilling program vastly extended the size and volume of resources since then -

https://www.ivanhoemines.com/news/news-releases/ivanhoe-mines-announces-platreef-project-less-than-br-greater-than-in-south-africa-s-limpopo-province-n-672728

https://www.ivanhoemines.com/news/news-releases/ivanhoe-mines-announces-platreef-project-less-than-br-greater-than-in-south-africa-s-limpopo-province-n-672728

https://www.ivanhoemines.com/news/news-releases/ivanhoe-mines-announces-platreef-project-less-than-br-greater-than-in-south-africa-s-limpopo-province-n-672728

I firmly believe that Ivanhoe would have a higher current market cap without the Congo assets, although, these assets should add a huge amount of share price appreciation in the future.


Ivanhoe has a 64% indirect ownership stake in the project; the South African beneficiaries of the approved broad-based, black economic empowerment structure have a 26% stake and the remaining 10% will continue to be owned by a Japanese consortium of ITOCHU Corporation; ITC Platinum Development Ltd., an ITOCHU affiliate; Japan Oil, Gas and Metals National Corporation; and Japan Gas Corporation. The Japanese consortium’s 10% interest in the Platreef Project was acquired in two tranches in 2010 and 2011 for a total investment of US$290 million; the remaining proceeds of the consortium’s investment are continuing to fund development work on the project.
https://www.ivanhoemines.com/news/news-releases/ivanhoe-mines-announces-platreef-project-less-than-br-greater-than-in-south-africa-s-limpopo-province-n-672728