[miningmx.com] – IVANPLATS, the Toronto-listed company founded by mining entrepreneur, Robert Friedland, is the worst performer of its peers this year – a development that analysts say make its value three times lower than it should be.
“The big issue with them right now is they do have a substantial amount of capex requirements,’ John Goldsmith, deputy head of equities with Montrusco Bolton Investments in Toronto, told Bloomberg News.
Ivanplats has dropped 69% this year in Toronto, the most among 115 companies in a Bloomberg mining index, which has fallen 30%.
