Hey IDC Holders8 Business Days left before the PFS is released...

Hey IDC Holders

8 Business Days left before the PFS is released and we can complete the financials to calculate NPV for the Mt Kare project!

A bit of gold research for you below.

We are seeing a significant shift in demand and exposure to gold bullion demand through new technology in the two largest economies in the world. India 1.3Billion People and China 1.4Billion People!

China and India are the world’s two largest gold consumers! China and India combined consume over 1200 tonnes of gold per annum, and their demand is set to continue to rise in the coming years.

A Great time for IndoChine Mining to be bringing the massive gold/silver mine at Mt Kare to life.....

Earlier this year we have seen China install 2000 Gold Bullion Vending machines throughout China, in order to satisfy the Chinese public’s insatiable demand for the yellow metal.
This allows Chinese citizens to insert their EFTPOS Card, Credit Card or Cash and receive Gold Bullion at the current spot gold rate!

Now India’s 125 year old financial giant Muthoot Group just released their Gold Buying and Selling App for iPhone and Android!

Up until now private citizens have had to go out to a gold bullion dealer to buy or sell gold. With Gold Vending Machines and Gold Trading Apps being released to 2.7+ Billion person markets we can expect demand for gold to lift considerably going forward.

Let alone demand from Central Banks which is set to climb, to offset the $600Billion-$1.4Trillion worth of paper currency that will be printed in the global economy over the next 12-18 months!

The time to be exposed to precious metals stocks is NOW!
Interesting paragraph in the article below in The Australian
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“Gold production isn't keeping pace with the demand. The WGC's Mr Grubb said global gold production had been flat for the past 10 ten years, while the production of other metals had risen

China is now the world's largest producer of gold, followed by Australia, the US and South Africa. But gold is scarce: the size of ore deposits is smaller, the ore grades are lower, and increasing labour and energy costs have dented profits”.
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India Launches Gold-Selling Mobile App

By Esther Tanquintic-Misa | September 18, 2012 10:38 AM EST

The Muthoot group, India's 125-year-old non-banking financial giant, has launched a 'Muthoot Group Apps' for Apple and Andriod phones and tablets users that enables the consumers to purchase gold and silver coins.

Reuters
The Muthoot group, India's 125-year-old non-banking financial giant, has launched a 'Muthoot Group Apps' for Apple and Andriod phones and tablets users that enables the consumers to purchase gold and silver coins.
This is apart from the group's daily blasting of investment reports to its investors, among other things.
"In the present scenario, 'convenience' is the most important criteria wherein the customer can book and/or buy from the comforts of his and her home and get over the delivery hassles and billing counter," said George Alexander Muthoot, Muthoot Group managing director.
"We believe that in the coming years, the sale of gold and silver coins via internet will become as popular as internet banking and online travel and tour booking."
Mr Muthoot said nearly 15 million mobile subscribers are added monthly in India alone, making the mobile application market a major growth area for developers. Mr Muthoot estimates India has 2.5 lakh app developers.


According to a recent study released in Bangalore during the Mobile Apps Summit 2012, there are 100 million applications being downloaded in India monthly. India's global app market is forecast to hit US$17.5 billion by end 2012 from US$4.1 billion in 2009.
"India's internet access capable mobile population has already touched 47 million users. A recent research said that smartphone users in India spend on an average 157 minutes on their smartphones in a single day," Vineet Bajpai, Founder and Group CEO of digital agency Magnon Solutions, said.

"While there are some usability restrictions on mobile devices due to smaller screen sizes, we expect internet/mobile banking in India to boom to unprecedented levels sooner than later," Bajpai added.

"Brick and mortar branches will always remain our main channel for extending our products and services to the customers. However, with the advent of new technologies, the number of consumers using mobile devices to browse and purchase have increased over a period of time and we, as a progressive organisation are always looking out for innovative means to provide greater customer convenience," Mr Muthoot said.


Gold regains its gleam as buyers rush for a safe economic haven
• by: Sian Powell
• From: The Australian
• September 15, 2012 12:00AM

Chinese bank staff standing by the country's first gold vending machine in the popular Wangfujing Street in

Beijing. Picture: AFP Source: AFP

GOLD surged again this week when the US Federal Reserve announced it would try to boot the US economy along by buying billions of dollars worth of securities. This plan immediately sent investors and speculators scurrying to buy gold, the age-old safe haven in uncertain times.
The precious metal has become a sensitive barometer of the Fed's intentions.

Last week analysts were betting on whether the Fed would again bank on monetary stimulus to ease American financial woes. Analysts first thought a speech by the Fed's chairman Ben Bernanke suggested there would be no stimulus, and gold prices slumped. But after the few minutes needed to digest his remarks, speculators decided the speech was stimulus-friendly and gold bounced up again.

Inextricably linked with financial gambits, gold has inspired speculators since the age of Roman talents.
Particularly popular in those nations where keeping cash can be risky, where a coup could be on the cards, or the government could suddenly decide to devalue the currency, gold is seen as safe. It won't rust, rot or decay; it's portable and it is easily sold anywhere in the world. The US Republican Party last month even flirted with the idea of a return to the gold standard, a notion pooh-poohed by economists around the world.

Marcus Grubb, managing director of investment at the World Gold Council, predicted the price of gold would continue to rise, and this year would be the 12th straight year of solid gains. "Notwithstanding the ups and downs in prices and demand in certain countries, the last 10 years - the last couple in particular - have seen rising prices for gold."

The WGC, a trade group funded by goldmining companies to promote the metal, says it expects gold prices to keep increasing, noting that the weak US economy, political unrest in the Middle East and the eurozone sovereign debt crisis would keep pushing the price along.

The yellow metal wasn't always this alluring; 10 years ago gold was seen as a busted flush. But it is gleaming now, in the new age of financial uncertainty when investors want a solid hedge amid rising inflation, widespread distrust of banks and economic uncertainty.

Gold is seen as the ultimate safe haven; one that remains largely untouched by the whims of politicians. In recent months, customers have been flocking to gold shops around the world, buying ingots, bars, and coins.

Billy Chiam, chief executive of trading company Gold Price Singapore, said his firm was doing a brisk business selling gold to Singaporeans and Malaysians, as well as customers from as far away as Hawaii and Thailand. "So many people want a hedge against inflation, a hedge against risk - just in case something goes wrong with the economy," he said.
China and India are the world's biggest gold consumers, for cultural as well as investment reasons, and analysts expect China will edge out India for the top spot this year.

The traditional gold-buying season is already well under way in India: the jam-packed months of festivals and weddings will continue until November. But record high gold prices in India, driven by the rupee's depreciation against the US dollar, have dampened the traditional demand for jewellery in recent months.

In China, the auspicious Year of the Dragon helped push the demand for wedding jewellery gold, particularly 24-carat gold, but overall the nation's slowing growth kept a lid on demand.

But there's gold jewellery buying and there's gold investment. In Vietnam demand for gold is so high that prices are well above those elsewhere in the world. The Financial Times reported that in 2010, to buy 500 Vietnamese taels of gold, about 19kg, took about 50kg of banknotes.

Last year Vietnam bought more gold per capita than China or India, pushing gold prices in the country up by 18 per cent. Per dollar of income, the Vietnamese consume more gold than anyone else on earth: in 2009, more than double the amount of the Indians, 10 times as much as the Chinese, and 44 times as much as the average American, based on figures from the WGC.

In Russia, the central bank has been on a gold-buying spree for at least three years, and the central banks of The Philippines, Kazakhstan and Ukraine have also been buying in the yellow metal. Meanwhile, European citizens concerned about the state of the economy have driven increased demand for gold bars and gold coins. And last month it emerged that billionaire investors George Soros and John Paulson had substantially increased their bets on gold.

Pessimists love gold: investors buy it when they think the world economy will tank. Last year, Swiss refiner PAMP apparently began producing little ingots with designer stamps tailored to national tastes: - Hello Kitty for South Korea, Snoopy for the US.

Gold production isn't keeping pace with the demand. The WGC's Mr Grubb said global gold production had been flat for the past 10 ten years, while the production of other metals had risen substantially. China is now the world's largest producer of gold, followed by Australia, the US and South Africa. But gold is scarce: the size of ore deposits is smaller, the ore grades are lower, and increasing labour and energy costs have dented profits.

However, Mr Grubb said the game isn't finished yet. "I think there are new frontiers; new technologies are being used in Africa and there are a lot of regions as yet not fully explored. I don't think the exploration story is over."