IDC indochine mining limited

"capital raising is outof thequestion" idc ceo, page-13

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    Another option is doing a royalty deal. Aphrodite did one last year with Canadian royalty specialist Franco Nevada, who paid $2.5 mil in return for 2.5% of any gold produced.

    Comes with a few strings attached - i.e. a deadline for production, if the company isn't producing by the deadline date interest is charged and presumably there is some sort of security over the deposit - there's no such thing as a free lunch!

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