CTPCF - What Does The New Makoko Discovery Mean For Ivanhoe Mines?
Shares of Ivanhoe Mines (IVPAF) haven't done well this year. They are 37% down year-to-date. On January 25, the share price peaked at $3.55. But only several days later it started to collapse, due to the increased political risks in the Democratic Republic of Congo. The damage was caused mainly by the new mining tax code that introduced a 50% super-profit tax and also elevated copper, cobalt, and gold royalties. Ivanhoe's share price dipped to the $2.2 level pretty quickly. Further pressure came from the commodity markets when copper and zinc experienced a