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Gold/Mining/Energy : Ivanhoe Mines (IVN.T > formerly Indochina Gold)
IVN.TO 14.02-2.7%Oct 31 9:30 AM EST

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To: N/E PATSFAN who started this subject8/10/2000 5:06:10 PM
From: NPValue   of 51
 
Ivanhoe still looking for shot in the arm

Talked with IR yesterday, and earnings should be out by the end of the month.

The exploration team has been taken out of Indonesia and is now working the properties in Mongolia because of time deadlines in place for them to work the properties there.

The merger with the Australian company helped, but this company really needs a big find, good earnings news, or preferably both to get it off dead center.

While Gold is still in the doldrums, Copper is doing nicely and could see a firm US$0.90 to $1.00 by the end of the year. At $1.00 and greater, Ivanhoe will have no excuse, and should be profitable. If they can have some exploration success and continue doing good work at Monywa, the stock should be at US $3.00 a year from now.
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