Wow was at work when all this excitement happened, I must say I was pleasantly shocked that our drilling permit was granted so fast. On my way home I ended up called calling Jonathan to express how happy i was with all the boards hard work getting us to this current stage.
I'm expecting a slight pull back next week on profit takers before news on the drilling date then I expect to see a slight rise into the .15 - .18c range.
I'm hoping we get a JV soon so we can ramp up drilling in Peru with multiple rigs working all over our mountain while in-turn we save cash flow for drilling on our Australian tenements.
Im very confident we have at least 2 tier 1 we can prove up both here in Australia and Peru. I would not be surprised after a few holes depending on core grades we get a T/O offer for Peru, then we can focus on drilling on home soil.
Looking over the years of data and grades to date the possibility of a duster is minimal in my opinion. still possible but highly unlikely. it wouldn't surprise me before June or July we get multiple T/O offers.
Don't get me wrong I'm really happy with the steady share price rise over the past few weeks but 9c is a dirty cheap joke. In my opinion 9c is "chump change" and is not anything to celebrate especially given the possibilities our tenements hold given the data at hand.
No doubt ICG is on every major's radar and are currently awaiting anxiously to see whats brought to the surface on the first few holes. Be under no illusions people others will want our land and offer peanuts so they can reap the rewards from long term holders & managements perseverance and dedication over the years.
Just remember we're not here for a few pips we are all invested deeply for the major prize, i have no doubt this will come to fruition and will change many lives if you hold tight and force the majors to pay top dollar for our years of patience, loyalty and suffering not to mention monetary suffering.
My realistic expectations are as follows. Depending on what we uncovered during drilling $.75c - $1.00 per share on a T/O of just Peru itself if we still 100% own it. If we decide on a J/V then $.35 - .55c but this means nothing until something is proven up through drilling. but that's conservative Conservative realistic expectation of mine.
Anyway I hope those that decide to take profit Monday have no regrets and don't look back to regret their decision. and those that decide to hold deserve the top prize of a lifestyle game changer.
Well done management big thank you for constantly keeping us updated. Also well done to new and existing long term holders, it's been a great few weeks, and its just the start
Cheers
Kiwi
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