IDC indochine mining limited

and the good news keeps coming, page-11

  1. 168 Posts.
    Hi Johno,

    I think the PFS had a lower than expected level of resource incorporated, and given capex was always likely to be fairly high, relatively low IRR; hence the ST SP kick in the pants around that time.

    Since then CEO stepped in with a big on market purchase, and the positive newsflow has resumed. IMO market now forward looking again re potential rather than ST re-rate of BFS which pushed the pre-release spike as those ST traders exited. "Back to work" mode now pushing through more high-grade drill hits.

    As others have pointed out, lots of drilling to go yet in areas of highly prospective mineralisation; the BFS will likely make for much more interesting reading further down the track than the PFS did IMO.

    GLTA
 
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