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

To: Michael Bidder who wrote (22646)10/22/2003 1:14:22 PM
From: Fishfinder  Read Replies (2) | Respond to of 39344
 
Just got off the phone with IVN and PMZ.
IVN is valued at about 2bil with the same amount of minerals as, OHH I can't remember the name of it, but its the largest copper gold Freeport mine.
Its valued at $8bil. as a working mine.
IVN has say $1bil to spend on infrastructure therefore it still has an easy double to catch up to the value at Freeport.
Still holding IVN with 16 drills turning.

Scott



To: Michael Bidder who wrote (22646)10/22/2003 2:10:14 PM
From: NPValue  Read Replies (1) | Respond to of 39344
 
I don't think anyone can get a solid read on IVN until the scoping study and the preliminary drill results from inner Mongolia come out in mid November. Then we can better ascertain which side of 11 the stock will move.


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