bonanza results due this week, page-37

here is the thing.

IDC can only make it with bonanza results because of the high costs in PNG. What is considered as bonanza for other goldies is different to what IDC needs.

Investors fail to understand this. Even nectar himself was forecasting negative cash costs due to the high amount of silver credits....

Then the pre-feas came out and it fell like a rock. Despite modelling itself to the high grade component and silver credits, it could only manage 28% IRR at a gold price of 1650$. Extremely poor result. Now the question is will anyone stump up 250m capex for them... and another 35m working capital from now till production. That is a lot of shares to be printed and compared to peers it is overvalued.