"capital raising is outof thequestion" idc ceo, page-9

Seems I failed to respond with specificity to one of your questions.

Note your question below and my answer.

Q.
.....Could you explain why the last raising was carried out and the one before that and the one before that etc.
....."

A.
Please read the PFS prepared by IDC and published in October 2012 in conjunction with teh company announcemenst made over the perio through te ASX.

Otherwise, refer to IDC's Quaterly Actvity Reports on the ASX web page under "IDC" over the last 18 months.

More generally, IDC holds EL1093 on which the Mt Kare Project is located.

It was a term of renewal and transfer of EL1093 in erly 2011 that IDC complete a PFS on Mt Kare by the end of the second year in the first term of grant.

IDC did in fact compleset the PFS in late 2012 and are now in the home strech heading to completion of BFS some time in Q1 2014.

The purpose of raising further capital is to complete the BFS and then transition to a producer of gold.

DYOR