Ivanhoe Mines Ltd (IVN-T)

One of the most expensive mining companies, with valuation along the lines of Google. He targets $7.68, so more downside, but would buy at that level. Will higher costs impact their next earnings report?

A rough couple of months on the heels of a truly spectacular decade. Owns one of the most profitable copper mines in the world. No longer cheap. Political risk. A major mining company in the making, so he keeps holding.

Big fan for a long time. Wonderful stock, and this should continue for people who can psychologically adjust to the perceived, and real, political risk of operating in the DRC. Has met and exceeded all guidance for a very long time.

Fantastic chart, ready to break out to new all-time highs. Part of his thesis this year of recommending copper stocks. Likes the setup till end of the year. Very bullish. No dividend.

Has taken profits recently given recent share performance.
Remains substantial shareholders.
Expecting increased production going forward - lots of growth left.
Political risk in Africa.
Excellent management team with Robert Friedland.

Political risk given assets located in Africa.
Demand for copper not slowing down.
Better names to own in sector.
Good time to buy - bottom on market. 

Often considered a takeout candidate to enhance copper exposure for upcoming energy transition. Building in DRC, the 4th largest copper complex in the world. The location has always been an issue for him. Geopolitical risk seen in discount to peers.