IDC 0.00% 0.0¢ indochine mining limited

notice received, page-33

  1. 137 Posts.
    Hi Jack I agree but

    IDC has a specific deadline in which it must complete the feasibility study.
    The land owners know this.
    IDC is the best chance the Land Owners have ever had to see the benefits in spin offs when a mine kicks off.
    Yes, there are the usual loud mouths within the community but that’s really all they are.
    There remains strong support at a national and regional governmental level, and within the local community, for the project you might know that.
    I see the critical issue as simply demonstrating that the project delivery is on time and heading in te right direction.
    This might necessarily anticipate that the LO’s be engaged and advised of progress and as you say have their share of.
    Alluvial gold as it is always a bit of a curse.
    Having said that, the real issue as I see it is keeping one’s eye on the ball.
    .
    Almost obviously, there are high probabilities for massive extensions at depth which would undoubtedly have a huge spin off in terms of the project capacity long term.
    With the utmost respect, this was the error in judgment made by Madison and Buffalo.
    In my respectful view IDC management should forget the three 1000 meters for the moment and go straight for the jugular, focus on the drill out only.
    The absolute priority must surely be to get 2,200,000oz into measured/reserve status.
    Finish the FS, mine optimization by COB (say) November 2012.
    Complete the BFS and make the decision to mine by Feb/March 2013.
    THEN, drill the extensions.

    Cheers
 
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