classic misunderstood stock with gold resource

Here is a classicly misunderstood stock. At current gold price stock should be double its present value.
At this point in time it is worth reposting an edited version of seuss?s post.
Post: 6422475 (Start of thread)
http://www.brisbanetimes.com.au/business/huge-potential-for-indochine-in-png-20110306-1bjfz.html
Huge potential for Indochine in PNG GARIMPEIRO
March 6, 2011
Indochine raised $20 million in its December float on the strength of a big copper/gold exploration tenement package in little-explored Cambodia. The float attracted the backing of the mighty fund manager BlackRock and hedge fund Och-Ziff as substantial shareholders, with holdings of 7 per cent and 14 per cent respectively?.
Canadian groups had formerly secured the title to Mount Kare and in the late 1990s and early 21st century set about assessing the hard-rock potential of the site.
The Canadians outlined, under their national reporting requirements, a 1.7 million ounce hard-rock gold resource (1.9 million ounces if you give the silver in the mineralisation a gold equivalent value).
But the global financial crisis in 2008 clipped their wings and Mount Kare ended up for sale in the hands of a liquidator. Indochine has now secured an option over the deposit in a deal with the private Australian-PNG syndicate that acquired Mount Kare from the liquidator, with an initial payment of $4 million made by Indochine last week.
Compare that to the fancy market values of any number of ASX-listed West African gold explorers with similar-sized projects to Mount Kare and you'll see why the re-rating potential is there.
PNG can be a hairy place, as can West Africa. But if Garimpeiro had to be dropped into either of them, PNG would be his choice, because of the $20 billion being pumped in to developing PNG's gas export business by Exxon Mobil and others.
It is transformational stuff for PNG in terms infrastructure that will make the country less difficult to get things done. Things like telecommunications, air services, technical and legal support, not to mention the new casino and hotels that are going up in Port Moresby.
Given the estimate by the Canadians was largely in the drill-indicated category, the swap from their assessment to one that suits local reporting requirements should be plain sailing.
More to the point is that the Canadians' assessment was based on a gold price of just $US300 an ounce and a silver price of only $US5.50 an ounce.
Both metals now trade at multiples of those prices, meaning there is now the potential to add a sizeable open-cut resource to the underground resource.

It is also worth noting that while ''near-ology'' is a dangerous practice, Mount Kare does share similar geology and geological setting to the Porgera deposit.
What is known is that the current Canadian resource estimate (it has a high-grade portion of 740,000 ounces of gold in 4.6 million tonnes of material grading 5 g/tonne gold) is good enough for Indochine to get working on a feasibility study into Mount Kare's development.