IDC indochine mining limited

approached by investors seeking joint venture, page-36

  1. 2,731 Posts.
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    Agree with your sentiment Askari, but when projecting a future SP, bear in mind that there are one billion shares issued, so without any further dilution, a 50c SP will value IDC at $500m, and $1.00 puts the MC on $1 billion.
    A $500m MC would put IDC in the same league as BDR, which is producing gold, on target for 220,000 oz PA, and soon to be debt free.
    We are a lonnnggg way away from that, so go figure!
    IMO, set your sights on 15-20c this year.
    Having said that, money to be made, but we need to be realistic.
    23.
 
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