ICG inca minerals limited

Ann: Appendix 5B Quarterly Cash Flow Report - September 2022, page-4

  1. 5,760 Posts.
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    So it seems more than one hole has been included in Q3 costs
    I expected FW220010 to be Q3 - now it seems FW220009 also a Q3 cost.

    Next drilling will have to be Camel Creek - some shallow diamond holes, with core photos of gold/silver/copper will do wonders for the sp - then no more drilling until after said JE assays issued. Need to exploit the veins at surface.

    Of course if have a JV for say 10km length of Mt Lamb, including NBK04 , FW220007 - FW220010, then the JV pays for further drilling in area covered by JV.
    Said JV could include a cash payment to ICG too [to reimburse drilling] say $8m and earn up to 60% of JV area over a couple of years.
    Clearly ICG do not have the cash for more drilling in this area of Mt Lamb.


 
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