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An international mineral exploration and development company.
Betting that the Mongolian government will not nationalize the company. Once China demand picks up, copper price will rebound.
This is an out there play, but I believe Oyu Tolgi ramps in spite on constant political issues in Mongolia. If so, this ramps nicely over the next several years.
Once they work out their issues with Mongolia, this should take off. Some patience required but they have one of the biggest mines in the world.
Main asset is Mongolian mine. Returns will depend on whether Mongolian Govt drains all their blood or leaves some over. Roll of the dice but Soros bought some so why not try it.
Copper growth sales to China?
Very rich resources and a back story like a soap opera keep this stock low. Will they finally make money in 2013? Who the f#$k knows but I'm betting they will.
TRQ has gotten their key project ready to run in Mongolia. Slowing economy in china will blunt demand, but China will still need copper - and so will the rest of us!
trq is set to operate soon on their mine what people are saying is the mother lode. It has a cap of about 8B right now. But the reserves are north of 80B. do the math. Patient investors are going to win big here.
IVN's Oyu Tolgoi Project (World's largest gold mine, 3rd largest copper mine) represents a net present value of over US $100 Billion (with a B!). With a market cap of $10B on April 18, 2012 (stock at $13.64), the current stock price is all but assured of impressive gains as their Phase 1 production begins in the next 6 months. Disclosure: I am long on IVN.
look-up Oyu Tolgoi, a massive mine in Mongolia, just over the border from resource-hungry China.
I just cannot understand this valuation. Do people not read financial statements anymore?This company has a 16.3 billion market cap. Last year the company had 80 million in revenue. In addition, the company lost more than a billion in free cash flow and has been losing a massive amount of cash every year since it went public. This is not rocket science people!!!!!!!!!!!! My grandma who doesn't even know what a stock is would realize that there is something wrong here. A 16.3 billion valuation for a business with such terrible fundamentals is crazy. It seems to me that all common sense has disappeared in today's investment world.
Solid Canadian stock
(1) China's neighbor(2) Precious & industrial metals
Low Sales and Few Employees for Capital
Oyu Tolgoi to become world's largest copper/gold mine
Ivanhoe is busy constructing a mine to tap "The Ultimate Copper and Gold Mother Lode":http://www.fool.com/investing/international/2010/10/21/the-ultimate-copper-and-gold-mother-lode.aspx"Ivanhoe Mines (NYSE: IVN) may not be the first name to roll off your tongue when you think of gold, but that may not remain the case for much longer. Ivanhoe is fast-tracking construction of the world's largest pending copper and gold mine: Oyu Tolgoi. Located in Mongolia, just 50 miles from the Chinese border, this massive deposit is uniquely positioned to satisfy China's robust demand for both copper and gold. Ivanhoe retains a 66% interest in the project, while the government of Mongolia holds 34%.""The company has built an estimated resource (measured and indicated, plus inferred) of 81 billion pounds of copper with a monster gold kicker of 46 million ounces. While the company proceeds with a construction schedule that targets open-pit production beginning in 2013, exploration drilling will endeavor to convert resources to reserves and further expand the known deposit. If their most recent drill result is any indication, investors may be in for quite a ride. In September, Ivanhoe revealed that a single drill hole encountered 938 meters of continuous copper and gold mineralization.""Ivanhoe recently announced a share offering to raise between $800 million and $1 billion toward construction of the mine. The offering is structured such that existing shareholders will be encouraged to participate in order to avoid dilution of their existing stake. Leading the charge, executive chairman and CEO Robert Friedland announced he intends to maintain his own 18.3% stake in the company. It is not yet clear whether strategic partner and 34.9% stakeholder Rio Tinto (NYSE: RTP) will follow suit. Relations between the two companies have been constrained since Ivanhoe altered its shareholder rights plan earlier this year to allow for additional strategic investors to build stakes in Ivanhoe Mines.""
Of course this will go up with the completion of the Oyu Tolgoi project and the price of copper.
China China China
Great growth opportunity with their Mongolian mine coming on line. They are right next door to the PROC, making them first in line to feed China's appetite for Gold and Copper.
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