Inca are a very passionate group of people who seem to be fully invested to progressing the multiple projects and genuinely seem to be looking out for the retail holders.
This is very much a marathon not a sprint. Due diligence is key in their planning thus saving $$’s. The board won’t be rushed into making hasty decisions which could jeopardise future endeavours. (Ie they won’t Swiss cheese anything). Drill sites must meet stiff criteria prior to execution.
They are hopeful of getting started with drilling this year in Australia, however, the decision may be taken from them due to weather and accessing the drill locations.
Govt hole 4 could be granted at any time! Assays for the hole still expected before Santa’s finished up this year. There was frustration that Inca hadn’t been granted this already given they had fulfilled all the necessary criteria whereas the other party had simply chanced their arm in applying. (Was commented that Newcrest hadn’t applied because they had decided not to ‘break application rules’)
Awaiting Peru assays. Min 3-4 weeks away. Still drilling on and should be for most of 2022.
There have been discussions regarding projects with 3rd parties and there will be more, however nothing has come to anything at this stage, Ross was clear when he explained that they feel the best way to maximise full returns for shareholders was to continue exploration themselves before entertaining any significant dilution.
I’m very happy to have my investment with Inca but am aware that this is a long term investment. Thankfully I’m very patient. There could well be huge re-rates along the way but also expect periods of stagnation.
Best of luck longs!
ICG Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
