To your question of the bonanza zones already being factored in?
I don't believe this is so because each bonanza zone could hold over 1 million ounces each more perhaps, given 1 bonanza zone at Porgera contained multi million ounces. Even if Bonanza zones flop I don't believe the existing 2 million proven resource is reflected in the current sp.
Yes there are logistical challenges but given the proximity of Porgera suggests to me that:
1. it can be successfully and 2 that Barrack's investment in infrastructure in the area helps IDC entry and reduces logistical concerns.
No one can pontificate that IDC is without substantial risk but it is only a small company at present that means risk. There isn't too many 11 c gold companies making a profit or not burning cash.
We do have a proven JORC of 2 million ounces, a 2007 drilling report identifying bonanza zones with confirmation pending and a strong skilled management team.
IDC Price at posting:
11.4¢ Sentiment: LT Buy Disclosure: Held