Yeah it has been over 3 months since their presentation in June 2011 that the JORC automatic increase for Mt Kare will be announced. It would have to be by the end of this month.
It would also make a magnificent backdrop to their forward looking statements in their next quarterly report (which covers July1st to September 30th) which is due by the end of this month.
Sure if a JORC increase from the current 1.9million ounce NI43-101 resource is made now, officially it didn't occur in the last quarter, but it can be included as a significant material event in the forward looking statements in the upcoming quarterly reports for the big Super Hedge and Institutions to pickup on as they complete their quarterly reviews of the mining sector and begin their investment strategies for Q42011 and into Q12012.
Its all about momentum for IndoChine.
Cheers Nectar
IDC Price at posting:
16.3¢ Sentiment: LT Buy Disclosure: Held
