target 250,000 oz annual gold prodn!, page-4

Lightforce

Gold producers on the ASX producing 100k ounces per annum have a market cap of bw $1.5-2Billion, so IDC even with the lowball 150,000 ounce prdn rate in the PFS would be higher than this group of gold miners.

If Tony and David at IndoChine do find continuous high grade and bonanza gold zones as Tony believes it has, three zones in fact, and they reach the 250,000 ounce annual production level then a market cap of $3-5Billion is expected for the company in as little as 2 yrs from now. Hence the strong institutional investment.

Current market caps/share prices for gold miners are 30-40% below long term averages. If we move back towards long term market averages you can increase these market caps and shares prices by 30% for a true value of gold stocks.

Next two months will confirm if Mt Kare does have the same mineralisation as Porgera. If it is confirmed with mulitple high grade and bonanza announcements, we will see money inflow in the company and a lift of the share price.

R