An excellent presentation by Mr Promnitz at the Brokers and Institutional Investors at Investorium.tv in July 2011.
He answers some excellent questions in the last 10 minutes of the preso!
Brilliant preso!
I loved the comment that Mr Promnitz made when he mentioned they will use a $950-1000 per ounce cut off price up from $300 per ounce which resulted in the NI43-101 2million ounce gold deposit!
An increase of 3 times in the price of gold to calculate a lower cut of grade would allow us to estimate a JORC 5-6 million ounce gold deposit will be announced in a few weeks time!
And this doesnt include the 10,000metres of drilling that IDC has commenced since this preso was done! IMHO we really should be looking at a JORC Gold Resource of between 5-8million ounces once all the existing NI43-101 measured gold + the additional 10,000m of drilling has been reclassified under the JORC resource definition.
We just need to keep accumulating while its still cheap! :)
