gold discovery on new prospect

The discovery of visible Gold 1 Km south of Mt Kare is one of IDC's biggest achievements.. This identifies that there is potential for a significant further increase in the resource of Mount Kare.

As duly noted in previous posts we are now expecting the imminent release of the grading results from this recent discovery. Based on the Geological setting and historical results, i along with many other believe that IDC are sitting on Very Very Large Gold Deposit.. Perhaps bigger than anyone of us could possibly imagine.

For example the Barrick Gold owned 30M Oz Pegora mine, adjacent to MtKare started out in very similar style. I have little doubt that in upcoming resource upgrades will multiply the current 2.1M Oz resource..

We are looking for a potential resource upgrade to 5-6M Oz prior to year end, with Gold possibly breaking USD$2,000 per Oz. As forementioned this will put IDC's resource as the second largest on the ASX behind Newcrest Mining. I'm not sure if people understand the magnitude of this achievement.

This is all of course coupled with the much anticipated PFS which will spell out the commercial suitability of the project. With the Landowner Agreement now in evidently in place all is readiness for ramp up towards production. In my opinion as soon as the financial data is public watch the interest in the stock increase exponentially, and also watch for Takeover speculation too..

With results for 37 Holes to be announced over the coming 6 weeks we really could see some heavy accumulation. Yesterday was a perfect example of this - the largest Single Day Volume event in IDC's trading history. Of course as with any other stock you will have those that will choose to exit for their own personal reasons - however i have always been a believer in following the big money..

The Largest Institutions in the world are backing Indochine mining. Yes, BHP's Largest shareholder, amongst many other Institutions have taken massive stake in Indochine Mining.. If this isn't an endorsement of Indochine's resource and its management i don't know what is.

Don't like predicting and speculating on price but factoring in the above mentioned we could have a very quick and sharp run to 40-50c