target 250,000 oz annual gold prodn!, page-5

rainmann,


There will be 3 years before IDC sees a single gold bar.

A conservative estimate of 5m a quarter expenditure over 3 years is 60m$.

Capex to first gold would be roughly 250m$. Therefore the company will have to spend 310m$ at least prior to first gold.

Market cap increases for two reasons. More shares or higher share price. IDC does not have the money so it will print a lot of shares for 3 years... So yes they will reach 1 billion market cap but how much does the SP appreciate.