there is such a short term horizon evolving for so much success, i still dont understand why the sp is still lingering
as you pointed out, the BFS is underway, and it will enable the company to garner all the necessary approvals and move toward a decision to mine
all things going to plan, IDC could very well be making that board room decision at christmas time this year...and we all know what that is....
APPROVED
by the end of CY13, the bonanza zones and further drilling activity from the DFS should have us closer to 3 m oz of gold or more
with construction to begin not long after the decision to mine, i dont think a gold company has or will ever be valued less than 90m at that stage, especially with 3m oz
you just have to look at RED
they only have 1m oz with no silver i dont think, mining only 75k oz for 8 years, relatively small operation and before they experienced issues with their mill the market was prepared to pay 200m for it
i reckon by the time IDC hit construction phase they will be at this at least, and thats only 10 months away
with a lot of de-risking to occur over the next few weeks/months, IDC is a clear buy on the risk/reward calculator
IDC Price at posting:
10.9¢ Sentiment: Buy Disclosure: Held
