Now that IndoChine Mining has completed the most important milestone, the LIR signoff with the Mt Kare Landowners and PNG Egna Govt!
FYI Below - Article in the Global Mining Observer last week.
This was the one thing that stopped Rio Tinto from going into production and making billions for their shareholdersin the early 1990s when the Gold Price was only $400/Oz!
Interesting part in circled and highlighted area....in the article below:
“…the company has had expressions of interest for the full acquisition of the asset…” IDC Chairman Dermott McVeigh
Although Mr McVeigh states that IndoChine is the perfect company to bring Mt Kare to life, now that the LIR is done!
Having the right people on the ground is critical to bringing this incredible Gold mine to life!
Anyhow we just need to let the company bring this magnificent mountain to life or an asset sale as per the article below, whichever comes first I suppose.
Cheers Nectar
IDC Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held