Ivanhoe Mines Trading on Mongolia Talks, Up 44% in July - theStockMasters

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Ivanhoe Mines Trading on Mongolia Talks, Up 44% in July
Jul 17, 2009 04:55 PM UTC

theStockMasters

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Via The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Market commentary for the Savvy Investor:

Ivanhoe Mines (NYSE:IVN) has bounced this month alone (July 09') from $6 to $8 to $9, back to $7 and now settling a just above $8 a share. The reason? Negotiations with the Mongolian government and the press surrounding the talks that swings on a moments notice all over the Oyu Tolgoi deposit, which is expected to produce around 440,000 tonnes of copper a year, and 320,000 ounces of gold over its 35-year life. Big Bucks, No Whammies?

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