Hey IDC Holders
Grab a coffee and a kingston or two and enjoy the read! IMHO we are witnessing the birth of a major gold mine!
Its important we always read between the lines with announcements to make a big of cash!!!
The last quarterly announcement showed the IndoChine had not only completed 7000metres of their own drilling to bring the total drilling to 67000metres, but also build a medical centre and a camp to house 150 people!
Now with 6 geologists and 10 assistants a project manager and a few other engineers, in total no more than 25 people on site with 3 drill rigs, why build a camp to house 150 people?
The reason is that Mr Promnitz is getting his ducks in order to start mining much sooner than the 3 years!
An incredible achievement by Mr Promnitz and his team considering IndoChine Mining has only been on the ASX for 19 months!
With all the drilling completed, the PFS to be completed in the next 20 days, presented to the new PNG Govt and then released to the public, then comes the final Bankable Feasibility Study which is expected to be completed by June/July 2013 and mining leases applied for and mine construction to commence soon after.
When the Stock Brokers in Australia and Overseas and Investment Funds begin to wake up to IndoCHine Mining in the next few months and begin to RERATE IDC, its going to be amazing!
Cheers Nectar
PS I like the sound of Mr Promnitz' comments in the last paragraph......
Add to My Watchlist
What is My Watchlist?