landowner's arrangement, page-47

Butz,

You are by no means on your lonesome in your continued belief / love affair with IDC. I started buying at $0.125 and have accumulated all the way down to the 4s. I've given up trying to bottom pick this bugger so now it's all about being patient and not dwelling on the paper loss that almost every shareholder is sitting on. Would be nice to say that the declines are behind us but in truth no-one can be sure. We may well test the 3s or even 2s, especially if Gold continues its relentless quest for a historic bottom.

Further to Hal's point, either or both of the following need to occur for the SP to appreciate IMO.

1. Milestone boxes are ticked off (starting with an improved resource model & optimisation of the PFS before the BFS commences)
2. Current disinflationary environment (i.e. declining inflation rates still in positive territory which is bad for gold) makes a decision & turns either deflationary or inflationary, thus allowing Gold to commence the 2nd phase of it's long term bull market.

These are THE 2 catalysts for IDC's long term success IMO. Everything else that gets bandied around in the forums eg. Top 20 shareholder changes, announcements running late, who farted in PNG etc, may be important to the cause but NOT crucial to the outcome IMO.

Bottom line is if IDC can successfully complete its milestones, then the SP will appreciate whether the gold price has improved or not. If Gold can find a bottom and appreciate significantly prior to all milestones being completed, then I expect IDC's SP to follow suit. However it is my firm belief that should BOTH catalysts be initiated, then the SP will absolutely skyrocket.

Good luck to all who still believe in the IDC story and have patience, for our day will come.

Cheers
Elpha


Note: My opinions are mine only and in no way am I offering recommendations or advice of any kind, Please DYOR.