idc mr promnitz discusses enterprisevalue

Hey Guys

Rather than get into a discussion with Aman, I thought it might be best to look back at official video by Mr Promnitz, as well as the presentation from June 2011 that compares IDC's market cap at the time to its peers. Bare in mind its share price was 26c at that time.

If you have a look at IndoCHine's Presentation from June 2011, "Developing Mammoth Gold Mines in Mammoth Country"

On Page 16, when the share price was 26c, IndoCHine's Market Capitalisation is compared to its peers.

Today its share price is 16-17c with a $70m-80m Market Cap.

Now watch Mr Promnitz presentation from Board Room Radio that explains a bit more about Mt Kare and the fact that when he shows hedge funds IDC's Market Cap and their already measured gold resource, its an easy sell.

http://www.brr.com.au/event/frame/81480

Now ask yourselves if the 2million ounce Canadian NI43-101 is included in the Current 16c share price of the company as Aman believes.

I'll put together an update on HC from today's AGM Preso for any newbies to IDC!

Cheers Nectar