Further, I think we should not just focus on Mt Kare and...

Further, I think we should not just focus on Mt Kare and IndoChine, but should consider what world events, particularly Europe's problems, are going to mean for future gold price movements.
It's very likely we could see a doubling of the GP in 1-2 years. Maybe even a stratospheric rise in a future financial collapse and consequent reinstatement as a backing for currencies.
China, Russia and India are gold hungry, and The PNG gov't may have an eye out for future offers which will prove far more lucrative if gold is revalued upwards. Meanwhile, it's just sitting there, "money in the bank."
I watch events, but rate IDC's chances as very low. As others have said, they have burnt most of their powder regarding share floats. I fear they will be forced to walk away, and it will be, despite their ineptitude at times, because PNG now has its eye on another future for the Treasure Mountain.
23.