Hey IDC Holders
While we wait for these labs to finish the assay results so that IndoChine can begin releasing these results and the metallurgical results for the PFS, lets not get bogged down on one person's decision to sell out of IDC today!
If we go through Mr Promnitz IDC Update presentation from the 3rd of July 2012 you can clearly see we have an incredible project on our hands!
Do you think the World's Biggest Institutional Fund, $6Trillion Dollar BlackRock cares what about a single transaction that occured today? Or the rest of the multi billion dollar investment funds who are our largest shareholders?
We need to stay focused on the big picture and the incredible opportunity we have with IndoCHine Mining!
Within 4 weeks we will see the Pre Feasibility Study! Which, as Mr Promnitz stated at the Geneva Precious Metals conference will confirm that the silver is in such a large quantity and high quality that it will pay for the gold production. This is where our PFS differs from many others that just prove a cash cost of $600-800/oz! Not a cash of around $0 per ounce!
A new image of Mt Kare. A very impressive image of Mt Kare that our XSTRATA drilling team, together with David Meade and George are exploring and defining is HUGE!
The current 1.8Million Ounces of Gold and 20 Million ounces of silver sit in this small coloured section of Mt Kare! Now look at the physical size of this monster mountain and the constant reminders by Mt Promnitz and John Shaw (who used to work for Barrick and Placer Dome at Porgera) that Porgera and Mt Kare were created in the same volcanic event!
And the fact that Porgera goes down 1km and has 28million ounces of gold!!!
No wonder Mr Promnitz made that comment about doubling or tripling the JORC resource at Mt Kare at the Gevena Precious Metals Conference in March 2012 AND no wonder we have Trillion Dollar Investment Funds as our major shareholders!!
Unlike 99% of explorers and miners on the ASX our drillers know exactly where the gold and silver lies! They are using the 60,000 metres of drilling results that Buffalo and Madison drilled to validate for the PFS!
Again we need to read between the lines and pickup as much information from each presentation to see where our company is going!
This page is one of the most important of the presentation!
Look at the Bonanza Gold and Silver Grades drilled by Buffalo and Madison! Name one other Gold Explorer or Miner on the ASX with gold and silver grades like what we have at Mt Kare!
Now read the comment on the bottom of this presentation! VIP!
"Historic Drilling by the prior owners CRA, Madison and Buffallo RETURNED BONANZA GOLD/SILVER GRADES IN MOST of the identified JORC resource (2.1million ounces eq)..."
History repeats.......................:)
The Landowners and George Niumatawalu have been working on the agreements which are nearing completion......
Again a very important page in this presentation is below.
As we achieve each of the milestone events below, our project will derisk and more larger funds with deeper pockets will want to be part of this gold mining project, lifting the share price to a level that better reflects the current gold resource, the profit margin, the significant increase in JORC, hence annual gold production at near zero production cost!
What needs to improve is the speed of the gold drill assays. This has been a significant issue for almost 12 months now and needs to be rectified.
Apart from that, the Mt Kare project is going to be amazing!
We just need to remain focused on what Mr Promnitz and his team is achieving.
Cheers Nectar
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