Hi Bleach88
There is 2million ounces measured at $300 gold price.
Mr Promnitz has mentioned that they will use a cut off grade of $950-1000 per ounce as an automatic JORC Upgrade, without any of the drilling.
This is based on the conversion from the Canadian National Instruments 43-101.
The drilling will assist with metalurgical studies, as well as further increase in JORC Resource above this automatic increase purely on the back of the original Canadian resource being calculated at a very low $300/Oz!
Above is a presentation from their June 2011 Presentation - Automatic Upside!
Mr Promnitz also mentions it numerous times on BRR etc etc!
Bleech88 if Im upramping, then you are obviously downramping to try and accumulate more shares in IDC while they are still cheap because of the EU Debt Situation.
If you dont want risk, then leave your cash in the bank, oh hang on, its not even safe there! Buy Gold!
Oh hang on, this is the exact mineral ore that IndoChine has measured in the ground @ 2million ounces x $1700 per ounce = $3.4Billion Worth of Gold In Mount Kare!
And the 2million resource is about to get an automatic upgrade as they convert it to JORC!
Why dont we all just keep taking advantage of the situation and keep accumulating while these guys do their job!
Cheers Nectar
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