ICG 20.0% 0.6¢ inca minerals limited

MB88. Yes, nearly 10 million shares traded today and if tomorrow...

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  1. 3,839 Posts.
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    MB88.
    Yes, nearly 10 million shares traded today and if tomorrow is the same it cant stay below 1 cent long.
    Anyway, some understand even if we don't have a great market cap presently its not going to change the fact INCA is sitting on huge P205 reserves of inferred 750 million tons x 150 $US a ton presently which equates to allot more than $4 million market cap. Do the Maths on 750,000,000 x US $ 150.00 ton = 112 Billion US$.
    Vastly different than $4 million market cap we are at. I am sure if they spoke with BHP that is looking at Canada for Potash then they might like a load of P205 in their own back yard just up from Broken Hill.
    We need to prove up something and with the new management if they can drill the P205 and show its not inferred but actual then we have a backbone of something.
    Its worth more than steel a ton but vastly under rated and we need it to feed the world.

    So anyway I wonder where our new CEO will point the direction forward, it would be good to hear something although he has been rolling his dice so to speak about who works with him.
 
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