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ICG inca minerals limited

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Ann: MD's Company Update - December 2021, page-647

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Barry81

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27/07/24

12:08

Post #: 74942806
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Originally posted by allens: ↑

Ista,
All exploration company's use the term targets due that is what we use as a term for a exploration target. What would you rather hear we are going to drill there due we don't have a target. Planning is what it is and plans can change, the problem is the targets are not winners so they continue to plan.
Its what it is exploration and they are always planning the next exploration target. The problem is the quality of the known targets are they a discovery or not is simply it.
The next target maybe the target we were looking for as we explore. Its stated that JE has multiple targets new and its also stated they are looking at all tenements. So that means they are readdressing what information they have. Dr EW is our Exploration Manager and he is obviously doing desk top analysis of all the data we have collected over the years and accessing it.
Remember that our previous MD never did much, preferring to use 3rd party consultants and pay dearly for ResPot to give us little.
We are now obviously doing this in house to save much needed dollars was stated in an Announcement awhile ago if i remember correctly.
In one financial year under the guidance of RB the sum spent was $11.5 million with little to show for it and many $ would have been for 3rd party consultants that he said we must have.
So what was the 3rd party consultants deliverables under RB we will never know what contract we had with Respot due RB never stated what deliverables ResPot were responsible for apart from we had them do the 3rd party consultant work.
Would you prefer they said we don't have a plan and we don't have targets, we will have to wait and see and consider what they put forward. It just needs to be sooner than later due the purse is getting empty again.
But there was no shortage of buyers yesterday at one stage I witnessed the buy side larger than the sell side so many mopping it up.
A market cap of $3.2 million with a probable 500 million >750 million tons of P205 above 15%.
All we need is to hit something at JE from the targets that they say they have, the GDC so believe because they have given us a helping hand with a drilling grant to 800 meters for Kestrel.
Its purely up to Dr EW to pin the tail on the donkey as to which of the drill target at Kestrel gets the priority.
We can see in the Quarterly activities that they will also are reviewing a Mac Creek Qld tenement number is stated.

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please, 11.5m was spent on tier one walk up targets that had JV partners that are easily identifiable.

it wasn’t just previous managements idea they were more keen on keeping the Peru flame alive. Line the dates up it’s not hard.

bottom line is that plan got the company to where it is now. That’s how the market works.

so if you draw a line through that like Peru where to next?

you would have to think a brand new project as indicated by BC with brand new capital and brand new investors.

as the SP states square one.

ICG Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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Ann: MD's Company Update - December 2021, page-647

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