IDC indochine mining limited
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Hey StefanMate 3-5million ounce deposit is a very sizeable one,...

  1. nectar38
    2,622 Posts.
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    27/11/11
    13:57
    Post #: 9349089
    Hey Stefan

    Mate 3-5million ounce deposit is a very sizeable one, with future drilling aimed at expanding that maiden gold resource. Have a look at the mkt cap of gold explorers with. 2-5 million ounce JORC gold resource and you will see @ IDC's current mkt cap of $70m we are significantly undervalued.

    I'll try and find some examples of peers to compare us to, I'll use IDC's examples initially then try and find others.

    Cheers Nectar
    IDC Price at posting: 15.3¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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