Hey Johno
Answering your questions, have a listen to Mr Promnitz's presentation in Geneva 2 weeks ago.
I'll also post some of the bonanza results that Buffalo/Madison Drilled when they completed their 365 drill hole program in Mt Kare before IDC picked up the project and all their work. Ask any geo if they know of any gold deposits with grades like ours at Mt Kare! I still haven't seen any!
He mentions the following:
1. The Institutional Investors in IndoChine didn't want IndoChine to piggy back with a major until after we have lifted our Market Cap. Meaning after the share price is significantly higher than it is today. This says to me that there will be a JV at some point, but we'll after the project has been derisked and share price is higher than it is now.
2. The grade and quantity of Silver is expected to cover the cost of gold mining and processing. Meaning if the price of gold is $1650/Oz then our profit margin will be $1650/Oz!
3. In terms of the resource, have a look at the Posts where we compare the 45million ounce Porgera Sister Deposit to our Mt Kare. Same structures, same rocks, same mineralisation sitting on the same mountain ridge. eg the same volanic event that created Porgera created Mt Kare.
4. Mr Promnitz also states that due to the high grade gold at Mt Kare we will only need a cheaper processing plant than what Porgera has, since they are into the low grade deep seated mineralisation, where as ours is shallow high grade gold and silver.
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2012/04/13/indochine-mining-limited/play/stream/4519
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