indochine forming classic cup and handle :), page-6

Hey Guys

The way I see it, as long we continue to see these high grade drilling results, over coming weeks, the current consolidation nee handle represents profit taking by day traders and investors who bought in when the share price was between 12-15c.

Now that we have investors who have bought in at 17-20c, we have support at these price. But this support requires fundamental, milestone events to continue to be announced.

Our current enterprise value is still ridiculously low. $72m/2.1million ounces of gold $34/Oz, when you compare it to our peers who are sitting at between $120-250/Oz!

We have a PFS coming in 3 months time, we have another 21high grade drill holes to be announced, and from what Mr Promnitz stated, they wouldn't be doing their jobs as geos if they didn't double or triple the resource at Mt Kare, nee 4.2-6.3million ounces, since they have a 30million ounce gold mine next door.....:)

IMHO, our EV, hence Market Cap and Share Price should rise consistently over coming months! :)

Now if we read over the last few announcements, we definitely have these announcements coming.

Cheers Nectar