If that is your only reason/ reasoning, I beg to differ...There...

If that is your only reason/ reasoning, I beg to differ...

There are bargains to be had in this market, IDC is well undervalued in my opinion, [not financial advice]
It's public info that they cap raised recently at 30cents, hence to someone who is cashed up IDC is a bargain.


With the current market condition, it is pretty evident precious metals are doing better on the ASX than most other sectors. Gold has just broken to an all tie high on USD1680


As mentioned a thousand times by others before: IDC is after GOLD/copper. And has [somewhat] proven deposits in Cambodia and PNG.


A few reasons:

1. Precious metal = WIN!!
2. Bargain SP at these levels
3. They are working towards feasibility study and are on track for Mt Kare
4. IDC is cashed up.

The way I see it is: If you're buying or holding IDC - you know that they have a time plan, and are working towards a JORC code. and that is a medium to long term outlook.

PS. I'm a precious metal bug.