IDC indochine mining limited
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Farmer,But wouldn't the increase in the price of Gold give them...

  1. Surly23
    291 Posts.
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    08/11/11
    13:38
    Post #: 9255509
    Farmer,

    But wouldn't the increase in the price of Gold give them more to think about and potentially explore?

    What I mean by that is;
    You would only drill/explore to a certain level when the gold price was $300-500 because of the cost to get it out of the ground. Now that the price of gold is $1700 you margin is substantially greater given you more opportunity to explore further.

    I am no expert, but that is my take!!

    Surly

    IDC Price at posting: 15.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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