Hi Surly23, I don't doubt you are a genuine poster. You do have...

Hi Surly23, I don't doubt you are a genuine poster. You do have a rather aggressive approach to those who don't necessarily agree with your opinions, in fact I think you tend to bully, but it's no big deal. I don't have a personal agenda, whatever that is supposed to imply. I do have some reservations on IDC's direction at present but I'm sure they can be resolved. I have no problem with the source of the quantities of surface gold taken by the artisanal miners in the late 1980's, probably from the eroded fraction of the Mt Kare resource which probably bigger than at present. Unfortunately that fraction of the resource is gone for ever. Historically the plan was to mine the resource, estimated to contain about 1.7m oz of gold @1.9g/t with silver credits by open cut but this failed to be economically feasible at a GP of $U.S.1650 oz. IDC reassessed the situation as the gold price fell,they considered the geological environment to be similar to that of Mt. Porgera and decided to explore for high grade zones, similar to those occurring at Porgera utilising the knowledge of highly qualified consultants using a conceptual approach gained from the consultant's experience at Mt Porgera. IDC decided that the most economical way to explore was to access a proven high grade zone through an adit drive and then drill exploratory holes from the adit. Meanwhile surface mapping indicated extensive additional potential zones of interest in an area which had not previously been drilled.That seems to be where IDC is at present. It looks reasonable to me. IDC claim an underground resource of 2.1m oz @ 1.5g/t with silver credits, I have a real problem with this, how can this resource be included in an underground mine when the more economical open cut failed at a GP of $1650/oz? The original open cut had a better grade (1.9g/t vs. 1.5 g/t) and a higher GP($1650/oz vs.$1260/oz ) Clearly IDC are banking on proving up enough high grade ore to make the underground mining feasible. The high grade material which will also suffer dilution of some 10% (based on the metallurgical data provided from the original feasibility study). According to IDC they are targeting a million oz of gold @10g/t. Even with their extensive conceptual targets this looks to me like a fairly tall order. The 2.1million ozs can't really be considered in the underground mine, all the resource will have to found from the current exploration, not a certainty by any means. IDC are capitalised at about $49m. Kula gold are capitalised at about $10m. Both are PNG explorers,in many ways they have similarities.If IDC fail to produce they should therefore drop back to a market cap nearer $10m, i.e 1 cent per share.I hope they have the "goods". BOLTA!