indochine forming classic cup and handle :), page-7

Hey guys

SP said that he wanted EV to be $100/oz before raising more funds to expanding the resource. This I see as different to increasing the current resource through current drilling. IMO that means they are aiming for a share price near 60c with this current drilling program and PFS. If they achieve $100/oz and double the resource then we are looking at a share price of over $1. Not that I want to peddle this, but it would be nice.

Of course, milestones like PFS & BFS are going to derisk this baby and improve confidence. Any opinions of timeframe on the BFS once PFS is delivered in August? Would this not be end of this year if they are looking towards production by 2014?

BT