Have refrained from ICG posting for a while, until today. Sp...

Have refrained from ICG posting for a while, until today. Sp dropped from 1.3 to .9

Exploration for this quarter was estimated to be $512k, which included the low cost Alpaca Hill Drill - this essentially cleans out all the funds, apart from the CR proceeds of approx $940k.
Since the Alpaca Hill Drill is taking a lot longer than estimated, then one should allow for say $150k of the $940k being used for drilling - and sure we get $100k back from NTGS for drilling, but thats still say $150k of the CR used for something other than intended.
Daresay the assay costs for Alpaca Hill Drill will be for Q2 2024 and ICG will need to stump up with say $250k, of which $100k is reimbursed from NTGS.

Me thinks that the 15m section of drilling between 395m and 410m with disseminated pyrite and specs of chalcopyrit is pretty good - essentially the 15m is an outer halo of an intrusive. [not that I am a Geo]
Correcting the drill angle to hit the target is critical - and if - AND IF - better halo's are encountered from present 580m to say 650m, then we are onto something. sp could be 9c by COB next week.

ICG detail
"The occurrence of disseminated sulphides in the granite is encouraging. The Company will
provide a further update on drilling once the hole has been wedged, corrected and drilling is back
on target"

Maybe we will get an update by COB Friday - 3+ days after corrective action taken, otherwise an update for Monday then.

Hopefully todays sellers will come to regret their decision to sell, come next Monday.

cheers