I think you should bear in mind that IDC will not be mined until the long term picture is more certain.Before anything positive happens the entire mining infrastructure must be in place.IDC can't expect to selectively mine(whether by open cut,sublevel stoping or whatever)the high grade fraction unless the economics for the LOM are acceptable.You can't expect finance to be forthcoming ,especially in these times ,if you haven't got the long term LOM sorted.Nobody is likely to be impressed with the argument that "this bit is very profitable and we expect to find more going forward!" It has to be proven before mining commences IMO.It now looks decidedly less likely that IDC is anything like a Porgera.IDC is just another junior hopeful in a very long queue.The future looks pretty bleak unless there is a remarkable turn-around in gold's fortunes. Frankly that doesn't look to be imminent.IDC like other juniors have been very unlucky.IMO the locality doesn't help IDC's cause either.I hope I'm wrong for the sake of the true believers but I'm out.
I think you should bear in mind that IDC will not be mined until...
Add to My Watchlist
What is My Watchlist?