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That's what Ivanhoe is priced for when you back out Mongolia's 34% interest in the OT project. Not only is this cheap compared to gold miners, it completely ignores the copper assets, the coal assets, the Australian moly-rhenium assets (the highest grade deposit for both metals in the world), or any future development around OT. These assets are free to the investor who buys Ivanhoe's stock today at $12.
By comparison, Freeport-McMoran's gold is priced for $1000 an ounce. Rating :
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Gold at $150 an ounce
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joelm_shapi... | (1 Rating) | 7-Nov-09 07:37 am | ||
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How did you arrive at your calculations? Can you l...
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syncnode
Online Now
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Rate it | 7-Nov-09 12:38 pm | ||
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45 million ounces of gold. Mongolia owns 34%...
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joelm_shapi... | Rate it | 7-Nov-09 12:57 pm | ||
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Correction: Exercising options will bri...
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joelm_shapi... | Rate it | 7-Nov-09 01:00 pm | ||
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You are ignoring IVN's debt.
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knockout_ne... | (1 Rating) | 8-Nov-09 10:11 am | ||
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no need to worry about debt until i...
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ccykccyk200... | Rate it | 9-Nov-09 02:11 am | ||
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So far there's no debt to speak of....
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gv66868 | Rate it | 9-Nov-09 11:55 am | ||
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The gold forward selling idea ...
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joelm_shapi... | Rate it | 9-Nov-09 12:40 pm |
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