Called this early but sold the majority before the real negativity set in on the government funded hole...
My logic was that each hole costs around $450/m for DD and these holes need to be around 1000m or so.
Inca have approx $5 mill at last count but the cost for exploration will blow the budget rapidly...
Trust they will be very astute with ongoing costs..
Will need to raise shortly,no doubt options will lapse...
Definitely risk averse for now...
Will buy back in upon any suggestion of a real discovery...
Happy to hear otherwise!!!
ICG Price at posting:
5.3¢ Sentiment: Sell Disclosure: Held
