ICG 220m intercept is very good news but still long way to go. Depth would be a big problem. For example, MNC - Metminco in Peru, Los Calatos Project has 7.7Mt contained copper, but over 6Mt copper is under 500m, now E/V is only $83m.
MNC has few good intercepts include:
712 metres @0.86% CuEq from 60m depth,
470 metres @1.11% CuEq from 211m depth.
MNC has spent total of over $240m to define these resource and only bring this Peru project prior to PFS stage.
ICG could have huge Au-Cu resource, but require $100m or more to confirm. Past ten days huge volume traded, but only one substantial holders reduced the holding, not a good sign either. For those who are going to hold long term should assess the risk. Honestly, a lot of holders are only for short term trading.
I have learnt from getting burnt few times.
- Forums
- ASX - By Stock
- ICG
- how will we open this morning?
how will we open this morning?, page-71
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ICG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.052M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 622721 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 2411110 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 622721 | 0.005 |
12 | 3563819 | 0.004 |
5 | 3766780 | 0.003 |
1 | 700000 | 0.002 |
1 | 500000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 2411110 | 2 |
0.007 | 1280160 | 2 |
0.008 | 1135160 | 4 |
0.009 | 1180105 | 4 |
0.010 | 301378 | 2 |
Last trade - 10.04am 18/07/2024 (20 minute delay) ? |
Featured News
ICG (ASX) Chart |
Day chart unavailable