mt kare incredible gold results 10 yrs ago+, page-39

My response to your comments AND JUDGMENT TURPS LOL.

I would expect this by the end of September this year.
At completion of PFS September 2012 there will be about 1,250,000 oz. measured and a further 850,000 oz. indicated (not inferred), as a starting point.
(Currently about 750,000 oz. measured, 750,000 oz. indicated, 750,000 oz.inferred)
Again, after BFS and optimization, most likely, at least 1,200,000 in RESERVE.
That’s going to be about 2 billion A$ in ground value at A$1650 oz. with share issues at about 400,000,000 = A$4.90 per share x .40 = $A1.98
For a market cap of close to A$800,000,000 give or take A$100,000,000, using a mean resources (gold) method.
(Yes I know, all you guys out there who like to use other methods for calculating market caps of companies, remember, this is a gold company).
So ball park, IDC shares at BFS completion, according to the above, and after optimization, should be in the A$1.70-A$2.00 zone.
Now, take a look at RRL through 2007-2008 and early 2009 which is a good comparison (until RRL announced the Garden Well discovery).
See what I mean?
Why did RRL take off right in the middle of the WFC?
Because there was nothing else out there which could give the level of certainty of a return on a speculative based gold investment,
i.e. 700%-900% over 12-18 months and 2000% over 4 years.
SLR followed but not as good a resource base at all.
So while some were dithering immediately after the WFC others were making a fortune.
Now, find me another stock which can bring in a similar return?
What’s out there?
See what I mean?
I suspect extensions to Karev resources will be forthcoming but let’s be conservative.
So where is the IDC "Garden Well"?
Right now IDC is really doing its BFS
It’s got its "discovery" which is a sufficient magnitude to be a company maker.
The next stage will be extensions.
Take a look at Goldcorps Marlin Project history.
Once Goldcorp had gained an understanding of the structures associated with the Marlin resource they were able to conceptualize a further program for resources in high grade vein extensions which, although conceptual, had a proper foundation based on previous exploration and mining.
They drilled out a number of very high grade vein extensions and proved their geological model was correct and that the [particular] resource model was correct for that particular region.
Off they went and the rest is history.
Likewise thats exactly what IDC is doing right now.
While they are completing their resources model for BFS they are also discovering more about the WRZ which will provide a huge opportunity for second and third stage exploration post commissioning of the mine.
Remember, the exploration previously undertaken to prove up 2,100,000 oz. is only the start.
Looking at the mind blowing grades (and intercepts!) coming out of the WRZ the potential for resource extension is massive and that would be what I would be working n at the same time as the BFS.
IDC will work on a 150,000 oz. p.a. mine and a Reserve base of 1,200.000 oz. (with another known 900,000 oz. to bring into a Reserve category) and then, contemporaneously, target high grade Roscolite zones, drill them out for a further (probably double) Reserve within two or three years from now.
I have the final drill out for the next 3 years at around 4,500,000 oz.
But first things first, Australians (unlike Canadians) go for the jugular and cash flow so they will focus on a producing mine in the next 123-18 months! ! !