how will we open this morning?, page-71

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.