IVA - Inova Resources

[Sean K]

Re: IVA - Ivanhoe Australia

Quite bullish presentation out from the DandD pissup in Red Light City today.

One of the slides showing the grades of the Merlin deposit Mo and Re compared to other major deposit really is mind blowing, though we've seen that before.

A resource update due, as posted last time, and by the diagrams it looks like it should add another 40% maybe. Just a guess by the dimensions presented.

Market cap around $600m I think. Is that OK at this stage for this type of discovery?

I read somewhere in an ann that they thought this could be just part of a much wider system. Maybe just a ramp on their behalf.

Happened to get some regular media time though:


Ivanhoe talks up Cloncurry discoveries
Rebecca Le May
August 3, 2009 - 3:39PM

Ivanhoe Australia Ltd says its rhenium and molybdenum-rich ground holdings at Cloncurry in Queensland contain enough resources to underpin its base metal mining goals.

Chief executive and managing director Peter Reeve presented the upbeat assessment at the Diggers and Dealers mining conference on Monday on his own, after the company's chairman and billionaire mining magnate Robert Friedland pulled out of the event at the last minute.

Mr Reeve said Ivanhoe Australia, which made its debut on the local bourse in 2008 Diggers, had made substantial progress defining iron oxide, copper, gold and uranium mineralisation at its Cloncurry tenements.

It also discovered a huge molybdenum and rhenium deposit named Merlin that the company said in April could be worth more than $6 billion.

 

[shag]

Re: IVA - Ivanhoe Australia

i gave the ramps on a larger body credence, i presume they suspect its where it all came from, ie the molten area way down below where its been piped up from. plus a nice show of a large anomally of metals.
they suggested this larger body last time too.

 

[Sean K]

Re: IVA - Ivanhoe Australia

Quite mind boggling grades of Mo and Re being produced here. Highest grade deposit in the world. I'm not sure what the minimum price for Mo and Re would be for this to be a mine, but wouldn't be too demanding you'd think.

I was expecting a resource upgrade by now with the other 1/3 ish of the resource outline been added. Slow for some reason.

High Grade Drilling Results on Merlin Project.

Near-Surface Zone of Almost Pure Molybdenite Intersected.

MELBOURNE, AUSTRALIA – Peter Reeve, Chief Executive Officer of Ivanhoe Australia (IAL-ASX) and Robert Friedland, Chairman of IAL, are pleased to announce that drilling on the high-grade Merlin molybdenum (Mo) and rhenium (Re) deposit has revealed a number of new high-grade intercepts including an intersection of almost pure molybdenite mineralisation.

Recent drilling on the eastern flank of the Merlin mineralisation has extended the mineralised zone down dip to a depth of 500 metres below surface.

How about some of these intersections:

MDQ0252 - 29 m @ 1.10% Mo, 10.1 g/t Re from 385 metres
MDQ0252 - 15 m @ 1.58% Mo, 24.4 g/t Re from 457 metres
MDQ0252 - 18 m @ 0.39% Mo, 7.26 g/t Re from 491 metres
MDQ0264 - 0.6 m @ 6.9% Mo, 46.4 g/t Re from 90.85 metres
MDQ0264 - 0.9 m @ 46.4% Mo, 446 g/t Re from 91.45 metres
MDQ0264 - 0.5 m @ 22.2% Mo, 248 g/t Re from 94.05 metres

God knows what 46% Mo is in Au equivalent terms. Must be well over 200 g/t at a guess.

 

[swm79]

Re: IVA - Ivanhoe Australia

i could be wrong but its about $1.35 an ounce.... $47 (approx) per tonne

great grades though - 46% at 90 odd metres, what did they do trip over it?

 

[J.B.Nimble]

Re: IVA - Ivanhoe Australia

Quite mind boggling grades of Mo and Re being produced here. Highest grade deposit in the world. I'm not sure what the minimum price for Mo and Re would be for this to be a mine, but wouldn't be too demanding you'd think.

I was expecting a resource upgrade by now with the other 1/3 ish of the resource outline been added. Slow for some reason.



How about some of these intersections:

MDQ0252 - 29 m @ 1.10% Mo, 10.1 g/t Re from 385 metres
MDQ0252 - 15 m @ 1.58% Mo, 24.4 g/t Re from 457 metres
MDQ0252 - 18 m @ 0.39% Mo, 7.26 g/t Re from 491 metres
MDQ0264 - 0.6 m @ 6.9% Mo, 46.4 g/t Re from 90.85 metres
MDQ0264 - 0.9 m @ 46.4% Mo, 446 g/t Re from 91.45 metres
MDQ0264 - 0.5 m @ 22.2% Mo, 248 g/t Re from 94.05 metres

God knows what 46% Mo is in Au equivalent terms. Must be well over 200 g/t at a guess.

It certainly is an extraordinary deposit. When you consider projects like MOL's Spinifex Ridge are considered respectable at 0.05% Mo and grades of 0.2% are often considered "exciting", the grades found here are in a league of their own. Your Au equivalent question is an eye popper - at 18 USD/lb you are looking at over 18,000 USD/t of ore and at 950/oz Au this runs out at just shy of 600g/t. Stunning...

 

[GumbyLearner]

Re: IVA - Ivanhoe Australia

What a Jumping Jack Flash this stock is turning out to be. Who needs to look at any other moly producer in OZ?

These guys are smokin atm!

$2.85 a share

Is this a breakout?

 

[GumbyLearner]

Re: IVA - Ivanhoe Australia

The Squeeze play is on!

http://www.youtube.com/watch?v=Euci0_BBmNE

Reminds with of that ol'blue eyes tune!

 

[Sean K]

Re: IVA - Ivanhoe Australia

25 March:

Nice break up a few days ago.

That was a bit of an understatement.

And I personally underestimated the signifiance of this find, even though I've been salivating about it in the thread for the past 6 months.

Incredible.

One of those outliers you dream of.

 

[Zird]

Re: IVA - Ivanhoe Australia

From its initial listing on ASX @ $2 it dropped to low of approx 15c in Nov 08. From Jan 09 to Oct 09 it skyrocketted to $3.60. Somebody said this is a 1000% increase. I think I am going away to cry when I consider my investment in IVA. - 1000 x $0 = $0.

Anybody buy in at 15c and how many shares purchased?

Cannot find any brokers reports on it but can somebody with the wherewithall calculate a guess on future SP.

 

[gamefisherman]

why did IVA go nuts today?

Hi there

Any comments on perhaps why IVA had huge a volume traded today, the sp up 50c and even large overseas trades after market close today would be much appreciated........

I cant understand it? What did I miss on the charts?

Cheers

 

[skyQuake]

Re: why did IVA go nuts today?

Hi there

Any comments on perhaps why IVA had huge a volume traded today, the sp up 50c and even large overseas trades after market close today would be much appreciated........

I cant understand it? What did I miss on the charts?

Cheers

MSCI indices rebalancing. Theres a fair bit of material to read up on that. Also maybe cause everything else ran so hard today.

 

[GumbyLearner]

Re: IVA - Ivanhoe Australia

Been watching these guys like a hawk for months.
Really tightly held and so they should. No significant dips from the market despite the wild gyrations.

Rhenium

DYOR

 

[So_Cynical]

Re: IVA - Ivanhoe Australia

Wish i had found out about Ivanhoe 20 months ago instead of 20 minutes ago, lol i thought i had stumbled upon a little gem then i find out every body knew but me.

Anyway well done to those that got on early...Rhenium wow

 

[gamefisherman]

Re: IVA - Ivanhoe Australia

dont worry about iva, they still have waaaaaaay more in the tank but it would be long..............

have a loooooooooong look at erm at see if u like them.............fully funded by IVA and currently working systemitcally through 22 Tier 1 potential strikes.............early results are hugely encouraging and with top management and technology there is no doubt in my mind they will deliver in spades...........like anything though.......do your own homework and this is just my opinion..........read through all of their announcements, they just released their quartertly shareholders newsletter.............and listen to Rob on the boardroomradio brodcasts that he appeared on during the year.............a no brainer imo but again a long...............

best wishes and next, there is a trade everyday.......

 

[Sean K]

Re: IVA - Ivanhoe Australia

dont worry about iva, they still have waaaaaaay more in the tank but it would be long..............

have a loooooooooong look at erm at see if u like them.............fully funded by IVA and currently working systemitcally through 22 Tier 1 potential strikes.............early results are hugely encouraging and with top management and technology there is no doubt in my mind they will deliver in spades...........like anything though.......do your own homework and this is just my opinion..........read through all of their announcements, they just released their quartertly shareholders newsletter.............and listen to Rob on the boardroomradio brodcasts that he appeared on during the year.............a no brainer imo but again a long...............

best wishes and next, there is a trade everyday.......

A 'no brainer'. LOL. Has some significant land holdings and a couple of narrow intersections at an excellent grade, but hardly a 'no brainer' at this stage of the game. You'll have to ramp it more cunningly than that to make people have a looooooong look. Good luck.

 

[gamefisherman]

Re: IVA - Ivanhoe Australia

A 'no brainer'. LOL. Has some significant land holdings and a couple of narrow intersections at an excellent grade, but hardly a 'no brainer' at this stage of the game. You'll have to ramp it more cunningly than that to make people have a looooooong look. Good luck.

Kennas, in NO WAY WAS IT A "RAMP" NOT MY STYLE not even close and wouldnt even think to do it........was disappointed with your response and words........ you know its very easy to have a crack but a little harder to find something good to say............an apology would be nice but by the tone of your post I wouldnt expect that from you............

 

[GumbyLearner]

Re: IVA - Ivanhoe Australia

Found this interesting article on rare metals

http://www.theepochtimes.com/n2/content/view/35995/

Sandlow went on to describe that it would take 120 tons of copper to produce only 30 grams of rhenium, a very valuable metal used in the production of “superalloys” which can function under very high stress and are used in the world’s most energy-efficient gas turbines.

I suppose Rhenium production is what they have in mind at Oyu Tolgoi

But anyway did I mention you guys were good.

http://www.businessspectator.com.au...project-pd20100525-5S2ZQ?opendocument&src=rss

 

[Miner]

Re: IVA - Ivanhoe Australia

IVA followers

Could you please give some heads up why IVA dipped today considering the market went up after RBA announcement to keep the rate same and Rio announcement on 30 June 2010
as follows?

Surprisingly this media announcement (unless overlooked by me) was not posted in ASX by IVA either. I thought the ownership of IVA by more than 22 % would be considered a substantial holding .

The share market also discounted this news.

Dunno

Disclaimer : Do hold a small parcel




" * Rio Tinto to exercise the Series A warrants in Ivanhoe Mines

30 June 2010
Rio Tinto to exercise the Series A warrants in Ivanhoe Mines

Rio Tinto confirmed today that it has given notice to Ivanhoe Mines Ltd (Ivanhoe) that it is exercising all of its Series A warrants which will increase Rio Tinto's ownership of Ivanhoe shares by 7.3 per cent to 29.6 per cent and provide sufficient funds to Ivanhoe to continue the development of the Oyu Tolgoi copper and gold complex as currently scheduled. The Series A warrants entitle Rio Tinto to acquire 46,026,522 shares at a subscription price of US$8.54 per share, for total consideration of approximately US$393 million.

Andrew Harding, chief executive, Copper, Rio Tinto said "Exercising the warrants early ensures Ivanhoe has sufficient funds to meet the current Oyu Tolgoi development schedule. Our further investment in Ivanhoe Mines underlines our confidence in the quality of the world class Oyu Tolgoi deposit and its priority in our project portfolio."

Rio Tinto and Ivanhoe are development partners for the Oyu Tolgoi project. Production is expected to commence in 2013, with a five year ramp up to full production. After the completion of the exercise of the Series A warrants, Rio Tinto will own 144.66 million shares of Ivanhoe. If Rio Tinto were to exercise all of its remaining share purchase warrants and convert its US$350 million loan into shares it would own approximately 267.8 million shares of Ivanhoe representing an interest in Ivanhoe of around 44 per cent.

Pursuant to certain existing contractual arrangements between Rio Tinto and Ivanhoe, Rio Tinto has the right at any time to exercise its remaining share purchase warrants and/or convert its convertible loan into shares of Ivanhoe. Rio Tinto also has, among other things, the right to acquire additional securities so as to maintain its proportional equity interest in Ivanhoe, and the right to acquire additional Ivanhoe securities in certain other circumstances and subject to certain limits.

Depending upon its assessment of Ivanhoe's business, prospects and financial condition, the market for Ivanhoe's securities, general economic and tax conditions, and other factors, Rio Tinto will consider availing itself of its rights to acquire additional securities of Ivanhoe.

xxxxxx

Media Relations, Australia
David Luff
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 205 "

 

[Sean K]

Re: IVA - Ivanhoe Australia

Miner, are we talking about Ivanhoe Mines or Ivanhoe Australia?

I think Rio are buying into Ivanhoe Mines in Canada, which subsequently owns like 40% or something of Ivanhoe Australia.

Maybe I have it wrong, just going from old drunken memory.

Certainly interesting moves by RIO that will have big impact on Ivanhoe Austraia whatever the case.

Doesm't some big wig own a huge piece of Ivanhoe? Must need his blessing to take it over.

 

[Miner]

Re: IVA - Ivanhoe Australia

Miner, are we talking about Ivanhoe Mines or Ivanhoe Australia?

I think Rio are buying into Ivanhoe Mines in Canada, which subsequently owns like 40% or something of Ivanhoe Australia.

Maybe I have it wrong, just going from old drunken memory.

Certainly interesting moves by RIO that will have big impact on Ivanhoe Austraia whatever the case.

Doesm't some big wig own a huge piece of Ivanhoe? Must need his blessing to take it over.

Thanks Kennas for the query.

Yes it was Ivanhoe Mines - Canada who owns 81% of Ivanhoe Australia.
I was thinking the Rio News will have a significant effect on Ivanhoe Australia as well considering Rio is traded in Australia .
Probably there is a legal loophole for IVA not to publish such news in ASX.
Any way thanks a lot for asking the question and allowing me to clarify.


Extract from Ivanhoe Mines website

Ivanhoe Mines Ltd. (IVN:TSX,NYSE,NASDAQ) is focused on the development of its discoveries in the Asia Pacific region. Core assets are Ivanhoe's 66% interest in the world-scale Oyu Tolgoi copper and gold mine development project in southern Mongolia; its 57% interest in Mongolian coal miner SouthGobi Resources (SGQ:TSX,1878:HK); its 81% interest in Ivanhoe Australia (IVA:ASX), with copper-gold and molybdenum-rhenium development projects; and its 50% interest in Altynalmas Gold Ltd., which is developing the Kyzyl Gold Project in Kazakhstan.