I agree that we should be conservative with a stock price, although I do feel 0.5 is conservative. Using your example of BDR, we will be producing 200,000oz per annum in a year similar, as well as massive amounts of silver. Keep in mind Indochine has a target rate of 200,000 oz pa. Porgera had the exact same target rate, and ended up producing millions of oz annually for copious amounts of years.
On top of this notion we will be exploring the other assets Indochine owns which could well turn into similar mines as Mount Kare is about to become. More importantly with the US debt, and other news around the world, Gold is soon to become a commodity that will rise like a mentos in a coke bottle. I do not doubt we will be hitting 0.5 in a year minimum as long as we reach production.
IDC Price at posting:
7.2¢ Sentiment: LT Buy Disclosure: Held
