idc annual report excellent work!, page-8

Hey Fellas

I was doing a bit more research this arvo and found something very exciting!

The main item on a share price rerating for IndoChine Mining is how large will their JORC Compliant Gold Resource be, once they convert all the NI43-101 1.9million ounce resource, calculated at $300 per ounce gold price to JORC.

We'll we could be set for even more upside.

It is a lot more difficult to achieve a gold resource with Canadian National Instruments 43-101 than it is using JORC!!!

IDC already has 1.9million ounces of gold resource using the more difficult NI43-101 @ $300 per ounce gold price! Where is it going to be once they convert it to JORC at $1650 per ounce gold price?

Keep your eyes peeled guys!

Cheers Nectar



http://en.wikipedia.org/wiki/National_Instrument_43-101#Comparison_with_the_JORC_Code

Comparison with the JORC Code

The National Instrument 43-101 requires substantially more technical disclosure to the market than the equivalent JORC Code, because the JORC Code is primarily a code for reporting the status of a mineral resource, whereas the NI 43-101 is a code of securities disclosure. This distinction is based on the derivation of the two codes: the JORC Code is derived from the Joint Ore Reporting Committee, an independent mineral industry body formed from industry professional associations; The NI 43-101 is a code derived from the Canadian Securities Authorities. The JORC Code, were it equal with the NI 43-101 would be derived from the Australian Securities and Investment Commission, not the relevant industry bodies.

The technical information required in a Reserve declaration under the NI 43-101 exceeds that within the JORC Code, primarily by stipulating that certain geological parameters of the mineral reserve must be presented within a report, published in full, and presented in a particular way. Conversely, JORC Compliant technical reports are not commonly published in full upon the Australian Stock Exchange as this is not required by Australian regulatory authorities. Therefore, often a summary of the key points is published, which can often preserve commercially sensitive information, and oftentimes this could allow deleterious information to remain out of the public forum.