indochine future share price calcs, page-2

Nectar38

I just spent the last hour on the phone with a very competent resource geologist here in WA.

His view (and I must agree) production costs at Kare are exactly where they should be and on par with RRL now trading at +$ 5.00.

His view of the PFS is that it’s absolutely spot on save one matter.

IDC will come in after the BFS with a market cap of + one point three billion.

I remeber when RRL's shares were 9 cents, about the same stage as IDC is now.

IDC shares are unlikely to warrant a share split (RRL had 1,800,000,000 in issue when they got close to the end of their BFS!

One might feel justified with volumes of load uncontained vulgar laughing at the sheep!

As for Captain 7 cents................