Thanks guys for the informative comments here. After a morning spent reading up on IDC post-float I've decided to take a small position at 17c. It was a toss-up between IDC and FNT @ 14.5, but since I alerady have a holding in FNT I opted to diversify into another equally exciting explorer (and one that is closer to defining a substantial resource). Looks like a very promising story unfolding here.
IDC Price at posting:
16.8¢ Sentiment: Buy Disclosure: Held