idc's ev/oz value is currently@historic lows:)

Hey Guys

Great research Leopard Investments! Cambodia is looking like a magnificent gold resource. But in the short term the share price will launch purely on the back of Mt Kare!

What a incredible gold deposit!

Back before the EU debt crisis, in July IDC's market cap was at $100m, or around 21-23c share price.

Compare that to the current $54m Market Cap at 13c for IDC

At this price, the market is pricing its 2million ounce gold deposit (Calculated @ an extremely low $300 Gold Price)at Mt Kare at a record low $21/Oz of Gold!

Now back in July, when IDC's EV/Oz of Gold was already below its peers at only $42/Oz, it was very cheap!

Now that the share price has fallen because of the Euro Debt issues to 13c, it has an incredibly low EV of $21/Oz.

Even if IndoChine converted the 2million ounce NI43-101 gold deposit at the ultra low $300 Gold Price into 2million ounces according to Australia's JORC, we should see a 3-5 fold increase in the market cap, share price and EV/Oz for IDC!

Since the price of gold is $1650 per ounce, and IDC has mentioned it is working on recalculating the JORC resource based on current gold prices, not the $300 per ounce gold price, IMHO we should see the JORC gold resource increase to between 5-7million ounces when it is announced in the next few weeks.

What will happen to the Market Cap/Share price and EV/Oz when this happens? :)

With 10,000m of drilling commenced to increase the JORC Gold Resource even further and provide necessary information for the PFS/BFS, we just need to keep acumulating IDC shares as fast as we can....:)

Cheers Nectar