IDC indochine mining limited
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The company did say "A substantial increase is expected in JORC...

  1. stefan41
    1,913 Posts.
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    24/11/11
    14:45
    Post #: 9336420
    The company did say
    "A substantial increase is expected in JORC resources in 3+ months time due to lower cut-off grades.
    The last resource was calculated at US$300/ounce gold price (20% of the current price) and US$5.50/ounce silver price (15% of the current price).
    Enterprise value per ounce is a third to a fifth of comparative gold projects."

    Depends what you think they mean by substantial i'd say anything over 25% imo.At least 2.5m oz with an upgrade in the near term bring it on.
    IDC Price at posting: 16.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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