3 major studies on each of Ivanhoe's 3 projects due this Quarter. We should be much higher by the end of the quarter. Then I think the race formally begins to partner or buy us or one of our projects. In the meantime, RF will continue to build them. I expect he can and will secure financing which is very cheap now, and I expect him to be able to easily finance all projects with the cash from Kipushi, which will start to pour in next year. This means we do not have to sell or partner anything for less than a very fair offer. This puts the shoe on the other foot, whereby the world's mining giants cannot come in and get something for less than fair value. Plus we have Robert Friedland who cannot be bought off, like most mining executives. He is a fair guy and knows value. We are in the terrific position of not having to sell anything, and Robert Friedland wants this company to be a statement company for his near unbelievable career in this industry. Still, what he wants, and the offers that we will probably be receiving, are two different things. We cannot prevent Global Mining concerns from coming in and partnering with us, at a fair price of course. We shall see.
I expect the back end of the year to also see a meaningful rise in the price of all metals. All this will steadily jerk the share price significantly higher. This may seem optimistic but the wind that will steadily move us higher is the quality of our underlying assets. 3 World Class project, which will spin off tremendous cash flow over the next decade. Each is easily, the best in their respective metals. Plus our Copper and Plat and Palladium deposits appear almost endless. Our grades are such that other providers will struggle mightily to compete with us, because our costs are so low, and our grades are so much higher than anybody's else's in the world. If this were a software company, our share price would be much much higher. The software industry tends to price in the future, much more easily and quickly than the mining industry. (I choose software as an example, in part because I predict this sector to reflect the software industry of the 1990s, where things started slow and then reached a mania at the end of the decade). Our mining industry is very slow to react and believe in the future which is surely coming. It must come as the planet is running of high quality metals, and the demand pull for various other reasons, will be stupendous. A perfect storm for us.
The mining industry now is beaten down, abused, and fighting for profits. ONLY the industrial mining metals giants are making cash, but even they are underappreciated, when compared with where this is going. We will make so much money, it will be like the 1930s for gold and silver, where those miners had high grades and spun off wild cash and their share prices went to the moon. In a way, the mining industry is so ridiculously modest and skeptical. This means current owners are getting a tremendous discount at the current cap, in lieu of our future. These software giants have market caps of 400 and 500 billion dollars, and ours is 3 billion.....
So think this way: the world needs 5 things: labor, air, water, energy and raw materials, to build itself out. As population increases are a certainty and this is your labor component. The first 4 are plentiful, but industrial metals are a finite and increasingly difficult item in a world that simply must have them, there being no substitutes which is very unusual. The earth's mantel has been mined down to very very low grades at the current time. But not our stuff, which is multiples over the current world grade, plus we have our metals in Tier 1 quantities. A tier one deposit is discovered 1.5 times per year, on the entire planet, by the 1500 mining companies out there. We have 2, and if you consider Kakula separate from Kamoa, we have 3.
