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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (13661)	7/9/2003 10:30:49 AM
From: TheBusDriver	Read Replies (3) \| Respond to of 39344

<<Mongolia is likely to make IVN like Sudbury Ontario made Inco >> So how do you rank this investment, high spec or what? Looking for an idea of the %age of PF to commit. Wayne

To: Claude Cormier who wrote (13661)	7/9/2003 10:46:23 AM
From: GeoDude	Read Replies (1) \| Respond to of 39344

Claude, IVN's deposit looks very good. I see a bare minimum of 500 mm tonnes of good ore. There are 2 major barriers that I see: 1) $1 billion or more to put the thing in production at 100,000 t/day (can IVN do it alone?) and 2) the almost 300 mm shares of IVN out there today i.e. the deposit is valued at almost $1 billion now. Having said that, I don't disagree with the valuation. I think it is fairly valued ... but no much upside (like a double). Also interesting to note that there are a number of dykes and faults cutting the deposit. For the open pit portion, that should be OK. For the underground portion (Far North zone), it may cause some problems ... I looked at this stock twice in 3 months and both times came away with same conclusion: fairly valued. But if you believe that they can find another big deposit then the stock could grow ... My humble opinion, LIA