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0.00% 0.0¢ indochine mining limited

Ann: Interview on High Grade Mineralisation - BRR, page-15

  1. LeDerp
    816 Posts.
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    30/04/13
    12:21
    Post #: 11701835
    re: Ann: Interview on High Grade Mineralisati... Ritchie..

    Are you aware that IDC has not spent 250m in building a plant yet.


    Just assume you add 260m to current market cap that is 300m.. plus another 30-50m in expenses till they get a BFS done.

    If you add all the expenses IDC has to incur and assume raising at current market price.. it is not really that much of a multibagger as you think it will be.

    Duckhead not economic? I can't believe you said that.


    IDC Price at posting: 5.2¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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