Hey GeminiIm estimating a 3.36million ounce gold resource...

Hey Gemini

Im estimating a 3.36million ounce gold resource upgrade.

That is not an outrageous forecast.

And that is assuming they do not find another ounce of gold with the 10,000m drilling program that is half way through being completed.

Mate do the calcs off the chart and numbers from IDC's preso:

1) 2Million ounces @ 2.4gram per tonne
2) This is decreased to 1gram per tonne, due to increased gold price. 58% reduction in gold resource for every 1million tonnes of dirt.
3) Now this resource falls to 840,000 for every 1million tonnes of dirt.
4) Since the cut off grade has fallen to 0.2grams per tonne, the total tonnage increases by 300% to 4million tonnes.
5)840,000 ounces x 4 = 3,360,000million ounces!

3.36million ounces x $135/Oz (Enterprise Value)

IDC Market Cap of $453,600,000.

Estimated Share Price $453.6 Million/491 million shares outstanding.

Estimated Share Price approx $0.92c, depending on the confidence in the total share market.

FYI - Chinese are spending again. just announce a 50 basis drop in their bank reserve ratios. What does this mean? Tens of billions of extra dollars flowing in the Chinese economy from tomorrow.....what is the first thing they buy with this extra cash?

Minerals, both construction material and precious metals like the stuff IDC has 2 million ounces of..................

Again this is MHO, DYOR!

Good Luck with your investments!

Cheers Nectar