IDC indochine mining limited

ann, page-14

  1. 683 Posts.
    A base case has been made for a mine which holds today.
    The upside is that in a few months we may be looking at a reserve (according to recent announcements) of some thing like 1,400,000 oz to be mined over 9 odd years.
    So this is a production target of 150,000 oz and a potential minimum IRR of about 70% if bonanza roscolite (500,000 oz) is included in the resource figurs.
    You will see a lot of speculation and opinion from now on in as to funding for the project.
    I suspect the company has already advanced funding proposals in principal.
    A gold loan and not equity finance is the likely outcome.
    Certainy there wil be no impediment from the land owners or the PNG government.
    Finance, I think, will not be a problem.
 
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