IDC 0.00% 0.0¢ indochine mining limited

3 new bonanza gold zones identifed @ mt kare, page-38

  1. 683 Posts.
    tcf
    What exactly is your point?
    That you are "bemused"?
    Gee, that’s really interesting.
    Yes, that’s right tcf, the PFS has not been released.
    No one had read it save for a select few.
    All we have are a summary of the report.
    Yes, how astute you are.
    Some of the babes in the woods were hoping it would make their day, they would all be floating on a cloud, but, oh gosh, it went down "like a lead balloon".
    Oh, look, everyone is stampeding for the door because it did not say what they, the punters, wanted it to say.
    They must all be right (whatever "right" could mean in the context of a PFS)
    Finding gold is not about punting tcf.
    Unlike you and some of the speculators here I was not swayed either way by the extracts from the PFS or the reaction of the punters.
    I am very annoyed with the company secretary at IDC, amounting in effect to opinions on the economics of the project that are clearly inappropriate and in material respects, MISLEADING.
    This does piss me off no end.
    However, if you actually read the numbers properly against comparative projects, bearing in mind it’s only a PFS, out possibly by a factor of 30%, and with all the CLEAR CAVEATS stated by the company, you might stop bemusing yourself, or is the proper phrase "confusing yourself".
    The whole point of the exercise with a PFS is to set parameters against which the company must realistically work toward a BFS and the development an economic model for mining.
    As it currently stands the return on equity on the current ‘model’ needs improvement by 3-5% which is exactly what the purpose of the BFS is and the stated objectives of the company.
    Is this what really “bemuses” you?

 
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