Hey IDC Holders and Watchers
Mr Promnitz is again spreading the word about IndoChine Mining "Awakening the Sleeping Giant!!!"
Grab a coffee and enjoy the show!
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2012/09/06/indochine-mining-limited/play/stream/5538
We are set for a very exciting time in the coming weeks with IndoChine Mining as they release the PFS to prove up the very profitable financials of the Mt Kare project!
This is the beauty about Mt Kare, we sit 500metres higher than Porgera and Porgera has is a 28million ounce gold mine, and Barrick is still finding high grade gold beneath the current pit which is 1km deep!
Have a look at these drilling results! Incredible!
Our XStrata Drill team and David Meade have found high grade gold in every drill hole!
This diagram is also important it highlights the fact that high grade open pit gold/silver mines are very very rare!
Most gold deposits that you find now are between 1-5million ounces after 5+ years of drilling! Where they start to max out their JORC Resource at around 4-5million ounces.
Whereas the IndoChine Mining Team believe that Mt Kare has the potential to be much larger than that over time!
Most of them have been drilled out and mined when the price of gold was $300-400/oz! Last night the price of gold closed at $1730/Oz! :)
Mr Promnitz states that the ASX average per ounce gold market cap sits at $104/Oz with the chart below. We are only at $34/Oz. Once the PFS is completed we will see a rerating and this increase towards the $100+/oz!
And this is what its all about! Having the multi million ounce gold resource asset that we can drill and increase in resource, but also having one of the best exploration and project management teams in South East Asia working to bring Mt Kare to life!
Mr Promnitz has ticked all the boxes since IndoChine Mining's listing on the ASX.
1. Strong, Tightly held Institutional Share Holder Registry
2. Picked Up an Incredible Asset in Mt Kare with SIGNIFICANT JORC GOLD SILVER UPSIDE!
3. Ensured the landowners and locals have been taken care of and are part of the Mt Kare project.
4. Hired the best mining team Harmony Gold's (South Africa's Largest Gold Miner) George Niumataiwalu, Barrick Gold (America's Largest Gold Miner) John Shaw, PANAUST (ASX200 Gold Miner) David Meade. THE A-TEAM
IMHO, our Investment in IndoChine Mining is about to pay off soon.....:)
Cheers Nectar
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