Hey IDC Holders and Watchers
While we wait for the PFS to be released to the market in the next 2 weeks, lets take a good look and analyse Mr Promnitz' presentation that he did at the Precious Metals Summit Last Thursday in North America.
The gold market is the best it has been for the last 50 years. The chart below clearly shows that the price of gold has risen from $50/Oz in 1972 to well over $1900/Oz earlier this year and is now $1730/Oz!
THE BEST TIME FOR THE LAST 50 YEARS TO BRING A MASSIVE HIGH GRADE GOLD MINE LIKE MT KARE TO LIFE!
IMHO, we are sitting on a Giant Gold Deposit at Mt Kare people and I'll explain why I think this is the case.
If you look at the physical size of Mt Kare compared to the 5 metre tents, it is HUGE! Now look at the shallow bonanza gold, highlighted below, look at how wide it is and remember that Mt Kare's gold comes from deep within the Earth!
This new cross section below clearly shows the massive potential we have at Mt Kare!
Porgera a 28 million ounce gold mine, owned by America's largest Gold Miner Barrick goes down 1km. And deeper drilling is showing that it is still open at depth and width!
Now look at the image below, Mt Kare starts 500metres vertically higher, and our gold/silver is expected to go down more than 1km also since we sit on the same geographic fault line as Porgera!
The other things to remember is that the purple areas on the cross section represent the Gold/Silver at Mt Kare and Gold at Porgera.
Now look at the NEW conceptual gold areas in purple outline! THESE ARE POTENTIALLY NEW DISCOVERIES!
Have a look at these grades and intercept lengths from surface or near surface!
Nothing else on the ASX comes close these! And I have looked at other gold explorers and miners on the TSX and NSX, FSX and again nothing comes close.
You only find these sorts of results in gold mines that stared operation 20, 30, 40 years ago, when the price of gold was only $50-400/oz! Not today!
These have all been mined out!
Mr Promnitz has been able to attract the best exploration, project management and geological team in South East Asia to IndoChine Mining!
George Niumataiwalu worked for Harmony Gold at Hidden Valley, South Africa's largest gold mining company, he is highlighted in red below.
Next to him we have Joe, highlighted in yellow, the Head of IndoChine Mining's Community Affairs Team. He worked for 5 years in the Bougainville Ministry Govt and helped to draft their new Constitution.
Also in the image below is David Meade our head geologist with our drill team that was working for XSTRATA!
A new stable govt is in place for the next 5 years in PNG, after the August elections.
Mr Promnitz and his team in PNG have been working closely with the landowners and locals to ensure everyone prospers from Mt Kare.
Over the next couple of years, as the drill team goes deeper into Mt Kare, we will see our JORC lift significantly!
And our EV rise well above the average $100/oz!
Have a look at the explorers sitting at the $300-500/Oz Market Value! Now compare their resource to Mt Kare and then you may understand why Im so excited about IndoCHine Mining and Mt Kare!
Next couple of weeks will be very exciting indeed!
If we lift our JORC to above 6.5million ounces IndoChine Mining have the 2nd largest gold deposit on the ASX, only behind the great Newcrest!
No wonder IndoCHine Mining won the Discovery of the Year Award at the Mines and Money Conference in Hong Kong in April this year and has BlackRock, Baker Steel, OchZiff, Genesis Capital as its largest investors!
IMHO, with over 85% of our shares held by the Top 20 shareholders, companies, Funds, Investment Houses will have to pay a significant premium soon to become part of this incredible project!
Cheers Nectar
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