Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (27073)	12/5/2006 10:30:30 AM
From: LoneClone	Read Replies (1) \| Respond to of 78419

UBS increases target price on Ivanhoe Mines to $15, up from $12 Mon Dec 4, 7:25 PM By Craig Wong ca.news.finance.yahoo.com VANCOUVER (CP) - Ivanhoe Mines' (IVN.TO) Mongolian copper project could be far larger than previously envisioned with the involvement of Rio Tinto (RTP) as a partner, investment firm UBS suggested Monday as it raised its expectations for Ivanhoe shares. UBS increased its price target on Ivanhoe Mines to $15, up from $12, on expectations that the involvement of British mining giant Rio Tinto (RTP) could help increase the scale of Oyu Tolgoi project in Mongolia by some 50 per cent. "We believe the Rio Tinto partnership could effectively remove previous capital and technological barriers," UBS analyst Tony Lesiak wrote in a note to clients. However, Lesiak noted that his valuation of the company continues to assume a 25 per cent political risk discount to reflect potential delays in the key investment contract with the Mongolian government and other issues. "The satisfactory receipt of an investment contract and full investment by Rio Tinto may result in the lifting of the 25 per cent risk discount which could increase our net asset value of $17.50 per share," Lesiak wrote. The copper and gold deposits at Oyu Tolgoi, which is hoped to being commercial production in 2009, are considered to be among the largest ever found. Rio Tinto and Ivanhoe are expected to release a new integrated development plan for Oyu Tolgoi in the second quarter of 2007. Lesiak said he now assumes a $2 billion initial capital cost for Oyu Tolgoi to reflect a bigger mill, increased truck and shovel fleet, higher steel costs and other costs. "The total life of mine capital for the project is expected to increase from $5.57 billion to $6.5 billion to reflect the higher initial capital cost and increased scope of the project," he wrote. Under the agreement between the two companies announced earlier this year, Rio Tinto made an immediate investment of about $345 million in Ivanhoe Mines for a 9.95 per cent stake. After the signing of an investment agreement between Ivanhoe and the Mongolian government, Rio Tinto has an option to take up 46.3 million more shares at $9.54 for $442 million. Along with an additional top-up right, that would give Rio Tinto up to 19.9 per cent of Ivanhoe's issued shares. Finally, Rio Tinto will also get warrants representing more than 92 million Ivanhoe shares that when exercised would bring its total investment to about $1.7 billion and a 33.35 per cent stake. Ivanhoe shareholders overwhelmlingly voted to approve the terms of the investment deal on Friday by a 99.9 per cent margin. Ivanhoe shares and those of other Canadian mining companies operating in Mongolia were hammered in May after the Mongolian parliament imposed a windfall-profits tax. The new tax followed weeks of protests in which opponents set up tent camps, staged a brief hunger strike and burned effigies of Mongolia's president and Ivanhoe chairman Robert Friedland. Ivanhoe shares closed up 36 cents at $10.96 on Monday at the Toronto Stock Exchange.

To: LoneClone who wrote (27073)	12/5/2006 10:32:17 AM
From: stan_hughes	Read Replies (1) \| Respond to of 78419

My wife gives money away for a living -- she has an annual grants budget of $4 million

To: LoneClone who wrote (27073)	12/5/2006 10:34:44 AM
From: Condor	Respond to of 78419

A worthwhile donation vehicle that I have used recently is to the cancer rearch hospital Princess Margaret in Toronto. It's a donation of stock. No fees to transfer to them and it's simple. giftofstock.ca C

To: LoneClone who wrote (27073)	12/5/2006 12:06:04 PM
From: loantech	Read Replies (3) \| Respond to of 78419

LC and Stan, Here are the organizations my wife and I give money to: ugmportland.org They have a great recovery center for addicts.And they feed the homeless here in Portland. mercycorps.org Well know worldwide. nwmedicalteams.org One of the best worldwide disaster relief organizations. Listed below are some links to a food charity program that my wife and I are currently most active in both for donations and time. It is being ran across the nation and food goes directly to young children at schools where teachers can easily recognize need and hunger: educationwonk.blogspot.com secondharvest.org conwaymedicalcenter.com Most of us here have time as we are here on the net after all and most of us may have the funds to help make a difference as we are the cutting edge of investors, right? This is the time and season to think about going the extra step and donating time, items, or if constrained just open your wallet a little bit.