Happens in mining all the time! There are so many stories of Companies picking up mines for a song for one reason or another...
"In early 2002, Ivanhoe earned 100% ownership of the Oyu Tolgoi project by paying BHP Billiton US$5 million and spending US$6 million on exploration. BHP Billiton’s back-in rights expired in mid-2002, giving Ivanhoe complete control over the project, except for a 2% net smelter royalty held by BHP Billiton. Ivanhoe Mines subsequently purchased the 2% royalty from BHP Billiton in November 2003 for US$37 million."
It's now one of the biggest Copper mines in the world!
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.04M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $57.37K | 6.199M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3960585 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1218454 | 5 |
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| Last trade - 16.17pm 25/07/2025 (20 minute delay) ? |
| EVR (ASX) Chart |