recently talked to a friend about gold and silver grade depths and layers. said in case of idc several factors come together impacting share price fundamentally, beside inrastructure, political stability and human resources- i)horizontal length and width of layers, ii)frequency and extent of "empty" intervals, iii)maximum depth of gold/silver bearing zones, iv)first contact of gold bearing layer measured from surface these factors influence the arc between mining costs and overall recoverable portion of gold and silver deposits for idc- i)just look at wrz- and bz-charts ii)actually no emtpy intervals were located - all of them gold bearing (180@1,8g/t) iii)180m vertically, wrz/bz-charts for horizontal extent iv)from surface beginning -- highly favourable because no one has to dig meters for meters through mud
his conclusion: could be a huge mine with comparably low mining costs, once infrastructure and equipment is ready
IDC Price at posting:
12.8¢ Sentiment: ST Buy Disclosure: Held