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Gold/Mining/Energy : Ivanhoe Mines (IVN.T > formerly Indochina Gold)
IVN.TO 14.43-0.9%3:59 PM EDT
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To: N/E PATSFAN who wrote (34)10/8/2003 11:54:11 AM
From: NPValue  Read Replies (2) of 51
 
Interesting article. I think things get REALLY interesting when they start drilling their inner Mongolia property. If that shows mineral values like Turquoise Hill, then this stock is going to the moon.

Concerning development of the properties, I really don't know how Friedland is going to get the capital to get such large mines operational without a huge debt offering. He had BETTER not dilute the equity any more - 250M shares is already huge enough! Selling of Monywa would obviously help, but with the political problems there I doubt the property will command an optimal price.

But I am understanding that to fully develop TH, it is going to require close to US $1 billion. Will the Chinese give him "free money"? I doubt it without wanting a huge interest. So we shall see how committed he is . . . . .
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