Good to see new potential IDC Shareholders like yourself asking the right questions.
The only similarities between KGD Kula Gold and IndoChine Mining is that they are both in PNG. Thats it.
They have 2million ounces in three separate deposits which means they dont have the scale from a single open cut mine that we do. They aren't sitting next to a Porgera equivalent that was created in the same volcanic event.
Not to say they dont have a viable business, with the price of gold even small mines in Victoria are opening up, that have been dormant for 100years!
KGD will need three times the Capex we will in three separate locations with three different metallurgical and geological hosting rocks. Similar to the small scale deposits you find in West Africa.
Now compare that to our Mt Kare Baby Mammoth, that wont be a Baby for much longer!
Hope to see you as: Stock Held soon!
Shareholders meeting is only a few days away.
Anyone on HC attending?
Cheers Nectar
IDC Price at posting:
11.9¢ Sentiment: LT Buy Disclosure: Held
