Africa Copper’s $90 Million | Miner Or Media? | Wealth ‘Goddess’

Ivanhoe’s Copper Exploration In Congo Propels Shares

 

Ivanhoe Mines shares continued a one-month (20%) gain in share value to $15 billion.

 

Attention to the Africa copper miner’s expanding sedimentary discoveries in DRC Congo also boosted traffic in IVN IVPAF shares, which are about 10% below an all-time perch.

Regarding generational leaders
such as Ivanhoe Mines:
"When the Goddess of Wealth 
comes to give you her blessing, 
you should not leave the room 
to wash your face." *

Fresh copper money sought: a Dow Jones / Wall Street Journal report from Ottawa about Ivanhoe Mines‘  copper discovery west of its Kamoa-Kakula mine in DRC Congo‘s portion of the Central African Copper Belt. Here please.

An earlier statement from Ivanhoe describes the two separate sedimentary “horizons” that the Western Foreland site, called Kitoko, (pictured here) that could propel Kamoa-Kakula and the new discovery into the world’s largest source of mineable copper.

Kamoa-Kakula’s weekly run rate of approx. 10,000 metric tons of copper output marks Ivanhoe as on track to become No. 4 among the largest copper miners.

See: Ivanhoe Mines Ramps 2024 Exploration Budget to $90 Million

This week, I added yet more IVN IVPAF to the 20-year and one month pile (we started accumulating the original Ivanplats Africa in November 2003 when it was private, and we have yet “to leave the room”). *

Ivanhoe Mines is our largest resources stake.

Also, see a report via Africa’s Jason Mitchell about DRC Congo’s active copper and cobalt mines, and a look at coltan and lithium deposits.

Mexico: Simon Catt in London runs with a partner ARLINGTON Group. 

Simon and I spent time two weeks ago discussing metals — at his and his wife Lisa’s new, Conde Nast-preferred Villa Porto Rapallo on the Italian “Riviera,” just a hike from Portofino. {I look to return with my family in April after a Zürich metals conference. Join us? È favoloso.

His take as of right now on the swings in metals shares: “The leadership of the Fabulous Seven will rotate in 2024 to the pariahs of this year and others. Banks, China, Japan, energy and materials will lead the way.”

Simon recently started buying a uranium company (Wyoming) featured here.

“The past fortnight we are seeing stranded assets and mining deals start moving for the first time in six months. We hear that Canada’s highest profile precious metal investor, Eric Sprott, is back buying Canada gold assets.”

As for uranium: Aussie uranium developer Boss Energy just raised A$200 million after an 80% price move in 2023, Simon indicates. “We are buying Tier One Canada lithium-co Frontier Lithium, which has completely missed the Aussie hard rock excitement exemplified best by Wildcat Resources. Year to date, Wildcat is up 2,700% compared to a 65% fall for Frontier. Wildcat is capitalised at 5X Frontier with no resource expected until mid-24. Frontier has +60 million metric tons of high grade 1.5% lithium.”

Don’t think I ever have heard Simon, essentially a deal-seeker for Arlington and a sound metals investor, sound that strident — not in the past 6 years. He is originally from Perth, western Australia, with deep banking roots in U.K. and in Italia.

I added yet more shares to our holdings of a couple of gold producers whose shares gain twice as much as their peers when gold swings higher, and fall twice as much, as is the case Friday Dec. 8, 2023, after the jobs numbers boosted interest rates: Alamos Gold AGI and Victoria Gold VGCX VITFF. Please see previous coverage of these two in your The Calandra Report/TCR. 

Thank you to European strategist Florian Grummes, whose 30-minute tutorial three weeks ago in Zürich fortified my decades-long belief in Alamos and half-decade buying of Victoria Gold.