idc cr to aggressively drill mt kare

Hey IDC Holders

Looks like the institutions are keen to continue to accumulate IndoCHine Shares while they are still cheap!

Again IndoChine’s Management continue to do the right thing for us shareholders, crossing the t’s and dotting the I’s with this small CR to aggressively drill Mt Kare while finishing off the PFS in less than 90 days time.

Since the GFC, Hedge Funds, Institutional Funds and other multi billion dollar investors have been wary of investing in explorers and miners.

Ask yourselves, Why do they continue to pump millions of dollars into IndoChine??? :)

They know the size and scale of this gold mine is potentially HUGE!

They just agreed to fork out another $8.25m to accumulate 55,000,000 shares in IDC before the continued drilling results are released to the market. This brings their total shares to 300milion out of 545million shares.

This has four benefits for investors exposed to IDC.

1. The percentage of shares held by the large multi-billion dollar institutions rises from 50% to approx. 55% of total shares + 10% held by IDC Management. This leaves 35% held by the public, and reduces the chance of a low price take over once these high grade gold results start being released from early May onwards.

2. This also keeps the shareholder registry tight over 85% of our shares are held by 20 investors, so that if any large funds want to accumulate IDC shares, they will have to pay a premium at market. Similar to what Oz Minerals had to do with SFR, and the share price lifted well above $3 once they finished buying at market since their shareholder registry was tight at the time as well.

3. This extra cash will allow IDC to aggressively drill Mt Kare and increase the JORC, as well as lift a larger amount of Gold/Silver Ounces into Indicated and Measured Categories of JORC, where a higher /Oz valuation is given to the company than Inferred. Currently we have 700,000 ounces in Indicated and 1.4million ounces at Inferred.

4. This will allow the company to get a much higher bang for its buck eg lift the Per Ounce Gold Price from $30/Oz to over $100/Oz once the PFS is completed as they lift the JORC and improve on it, while completing the PFS at the same time.

NOTE: REMEMBER GRY IS SITTING AT $200/Oz with only 2million ounces of Inferred JORC! REASON? PFS IS COMPLETED AND MKT EXPECTATION OF A FURTHER RISE IN JORC OVER COMING QUARTERS.....now relate this back to IDC and our position both in terms of resource, PFS completion and our potential JORC increase if you look at our Sister Mountain PORGERA with 28million ounces of gold.....:)

Bring on the high grade drilling results!

IMHO, whoever has No Stock Held in IDC, will be disappointed as the more and more high grade gold results are announced....starting from "early May" as per Mr Promnitz's presentation in Geneva 2 weeks ago!!!

Cheers Nectar