ann out resorce doubles, page-30

You can't be serious!! At the risk of getting more abuse from Hal2000 I think this announcement is anything but positive. The company is getting desperate and I can understand that. This report is a waffle. 'a key milestone' implies rather more than what has been indicated here. Is an underwhelming 120% increase in measured and indicated material enough?It doesn't give me much confidence in getting the mine into production. In this tough environment the increase isn't enough. We are likely to see a prolonged period of weak gold prices. This may mean that grades higher than the more recent ones will be required to make gold mines economically viable. Mt Kare will not IMO be a low cost producer. I doubt whether a relatively small high grade underground mine (in the context of what is required) would save the company. If the underground ore is depleted without increasing added reserves for the major mine (assuming that IDC can arrange finance for such a deal(doubtful IMO!) IDC is cactus! IDC is unfortunately not likely to become another Porgera.I actually invested in this can of worms on SP's stating it would be another Porgera.I should only have taken notice of the drill results within the MLs not some pie-in-the-sky theory. Bloody "specs"! LOL