Ivanhoe Mines - a 50% discount opportunity !The share price of this mining monster has suffered a 50% price decline in the last 6 months.
One of the main reasons for the share price decline is the suspension of underground operations at the Kakula mine due to seismic activity. This suspension has led to a withdrawal of production and cost guidance for 2025, causing investor uncertainty and a subsequent drop in share price 1,2,3 Additionally, the company has faced challenges with its smelter, including a fire that damaged onsite generators and caused a three-month delay in commissioning. These issues, combined with power constraints and grid instability in the Democratic Republic of Congo (DRC), have contributed to a more conservative production outlook.
However there are lots of positive catalysts for Ivanhoe Mines: the upcoming rise in precious metal prices, especially the wake up of the severely undervalued PLATINUM prices.
Platreef PGM project in South Africa contains 7 million ounces of gold (0.25 gpt) and 50 million ounces of AuEq. About 90% of annual production (1 million ounces) will consist of PGMs (platinum group metals), making it the largest PGM mine in the world ! Platreef is expected to have low all-in production costs, though more precise figures will become available after the ramp-up phase, scheduled for the second half of 2025.
Platreef PGM, Kakula-Kamoa (massive copper mine, the largest high grade mine globally) and Kipushi (a high-grade zinc operation); With all three of their mines expected to be in production, 2025 could be a pivotal year for them.
Chart wise, the price is still rising in a long term rising wedge. Price just found support on the lower resistance and is bouncing strongly. OBV on balance volume is still on a steady rise. I own Ivanhoe Mines since I got in at sub 1$ (thanks to Rick Rule's reccomandation - God may bless him). and I am not willing to let go before we reach 50$, which is my long term target.
Platinmum
PLATINUM, Moving In Solid Trend, Potential To Continue Further! Hello, Traders Investors And Community, welcome to this analysis about the current structure and price-action we have in platinum, there are some interesting and significant signs which I determined and which will affect the price-action further. Platinum is still moving in a steady uptrend since we had the bear-trap and bottom building at 560 we saw some good volatility and percentual price-jumps. Let's have a look at the locally 4-hour timeframe and see how we can continue with platinum.
When looking at my chart you can see that platinum currently trades at the important resistance at 855 which you can see marked in my chart with the grey level, this is a resistance-level which platinum has to build in the past price-swings and is actually a strong resistance which shouldn't be ignored therefore we can expect minimum a pull-back to lower levels here and providing excellent correction for new entry-points.
In considering the pull-back we can expect the meaningful support-level between 780 and 800 to hold not only do we have there a strong past resistance level which is now support but also it is supported by the 100 DEMA and 200 DEMA which building together with the support a logical and coherent confluence-cluster here which will highly likely be respected as such and provide a decent bounce when touched in that level.
Overall we can say that platinum is in still in a strong uptrend level here which did not already confirm to the downside or shows any serious reversal signs which will shift the overall price-structure to the downside, the correction awaited is completely natural and will highly likely show that the price continues to the upside and reach the target which you can see in my chart. Remember that we need to confirm the support with a clear break of the current resistance level this will initiate the strengthening of further growth.
Thanks for watching everybody, support for more market insight, and have a good day! ;)
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In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.