Ivanhoe Mines Ltd (IVPAF)

[JB3729]

Paul Gait of Bernstein Research...

Ivanhoe Mines (CN:IVN) has got the market excited again with news that step-out drilling from its Kakula discovery, part of the Kamoa-Kakula copper project in the Democratic Republic of the Congo, has struck serious mineralisation outside of the existing resource base.

Paul Gait of Bernstein Research, one of the project’s biggest fans, said he expected Kakula would eventually reach between 150-200Mt of high-grade resource compared with the 85Mt (at a 4% Cu cutoff) combined indicated and inferred base the company had delineated.

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