Hey Fellow IDC HoldersAnother example of how Mr Promnitz and his...

Hey Fellow IDC Holders

Another example of how Mr Promnitz and his team continue to dot the i's and cross the t's to build our magnificent company!

Absolutely brilliant management and team we have working for us at IndoChine.

I just found this webcast on the net.

Mr Promnitz has been in Geneva, Switzerland, at the Precious Metals Conference presenting to large institutions!

http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2012/04/13/indochine-mining-limited/play/stream/4519

He mentions a few New Items in his preso below that are incredibly exciting.

Worth a listen if you have time:

1. Gold Production within 3 yrs, including early small scale 150k ounce per annum prodn.

2. Mid Term Production using different mining/extraction technique that Porgera due to the very high grades of gold and silver near the surface at Mt Kare.
This would allow them to start working on mine construction March-June next year for a small scale mine 150,000 ounces per annum.

This would take around 6-9 months to complete. Then after 3 years they would commence a large scale gold prod’n.

3. Metallurgical report will be released around PFS because they seem to get finding much higher grades of silver with their duplicating holes, which would 1. Reduce the cash cost of mining the gold. 2. Lift the resource of the silver in the deposit.

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4. Quality and grade of silver could be high enough to pay for the entire gold production. EG $1650/Oz Gold Price Zero Cash Cost after Silver Credits!

THIS COULD BE A GAME CHANGER! NPV WOULD LAUNCH UNDER THIS EXPECTED SCENARIO OF SILVER CREDITS PAYING FOR GOLD PRODN!

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5. 3500m of duplicated drilling has just been finished and will commence announcements.

6. Currently IDC has a Market Cap of $30/Oz ($60million Mkt Cap/2.1million ounces) Promnitz states that once the PFS is completed, an important derisking of the project occurs at this point. And an automatic $100/Oz market cap is created. (2.1million ounces of gold/silver x $100/Oz = Mkt Cap of Approx $210Million) $210million / 491million shares = Share Price of Approx 42c-48c. PFS will be completed in August 2012.

Then Promnitz states that once they release the PFS they will lift the JORC resource so that they get $100/Oz instead of $30/Oz increase in the mkt cap!

7. He states that they have enough cash for the PFS at $10.8million.

8. He also states near the end of the preso that the existing major shareholders are keen to accelerate drilling. So it sounds like they will be putting in more cash via another share issuance to them, rather than to the mkt in July/August at the higher price level which would reflect a share price of $100/Oz instead of the current $30/Oz.

9. Also mentions that he has had a lot of enquiries from funds and brokers about Mt Kare since their first of the high grade drilling announcements in early April.
No wonder the big US and Canadian Instos bought up more shares in IDC over the last 3 months to lift the Insto share to 50% from 45% in the January quarterly update!

Magnificent!

Cheers Nectar