Ivanhoe Mines Ltd (IVN.TO)

The company’s challenge will be to finance to an extraordinarily large and one nearly large high-quality deposits in problematic countries.

(A Top Pick Aug 11/15. Up 238.24%.) This is more of a copper and platinum company. He loves their assets. The risk on this is political, as they operate in South Africa and the Congo. Has never seen this range of assets in any company.

Two of the assets, the Kamoa and the Platreef are 2 tier 1 assets, absolutely world scale assets, in copper, platinum and palladium respectively. They are “throw away” assets. The King Leopold mine Kipushi is the highest grade zinc/copper mine in the world. There are risks, but with partners like the governments of China and Japan, it goes a long way to mitigating those risks. He suspects there are going to be weak copper markets for at least 2 years.

Has had a lot of activity over the years buying and selling assets. They are mostly in Africa. Recently they came up with excellent copper results in exploration activities. Management has done well for shareholders over the years.

(A Top Pick Aug 12/15. Up 169.7%.) Probably the most interesting speculation of his 40-year career. Extraordinarily high quality deposits. One of the best undeveloped platinum deposits in the world, and what he thinks is easily the most undeveloped copper deposit in the world.

Difficult for him to understand why a speculator would not own this, if they want to be in the natural resource business. Truly spectacular deposits. Great balance sheet, and a once in an epoch promoter.

This has had a parabolic move, and he is always hesitant about getting into a parabolic move. You want to be getting into these when they are closer to support of their 20 or 50 day moving averages. This had its 20 day closer to the end of July, which would have been the ideal point. Seasonality is still positive and the chart is still positive. Technically the stock gapped higher today, and that the gap will act as a level of support.

(A Top Pick Aug 12/15. Up 59.09%.) Top quality management and 3 of the finest deposits he has ever seen in a junior. 1.) Enormous copper deposit in Congo, a hard country. 2.) Enormous platinum deposit in south Africa. 3.) Highest grade zinc deposit he has ever seen in Congo.

Robert Friedland is the most successful mining financier of his generation. This company has 3 world scale projects in it. It is very well funded with over $500 million in cash in the company. This is as good a pick as he has had in 40 years. Understand there is political risk, which is high.

This is run by Robert Friedland, a fantastic promoter. They have 3 projects in Africa. Kamoa is copper where they are looking at getting head grades of about 3.86% which is phenomenal and should push them into a lower quartile. Platreef has platinum, gold, nickel and copper and is a very low cash cost potential producer. Kipushi deposit has zinc and looking at grades of about 35% which is phenomenal. There are 3 projects which are potentially world-class, but in one portfolio. Zijin Mining gave them $412 million US for half of 1, which basically amounts to 90% of their market cap right now, and they are trading at about a 70% discount to their 52 week high.

(Top Pick Mar 2/15, Down 7.95%) The most successful mining entrepreneur in his opinion. They are spending about $10 Million a month working these projects in difficult countries.

The top mining financier and promoter of his generation. This is the best collection of assets that has ever been assembled in a junior. They are not a stranger to their political or financial risk. They can raise the money.

An interesting story. They have the three best discoveries in the world in platinum group metals. Run by the best promoter in the industry. The issue they have is that they are massive deposits that will cost billions to build and the money is tough to raise. He does not know when it will turn. Buy it and sock it away. Wait for bad news days to buy.

(Top Pick Mar 3/14, Down 48.33%) He adds most aggressively to the position now. The best promoter he has ever met. Wonderful projects like this almost finance themselves. The market right now is looking for an excuse to sell things. He is a buyer. It is more speculative. This is three of the best assets he has seen in his career. Thinks this company will be re-priced by the market.

(A Past Investing Idea Aug 6/13. Up 3.1%.) This is probably the best Buy of the 3. Best group of assets that he has ever seen in a junior company. Also, run by Robert Friedland who, while controversial, is the most successful mining financier of this generation.