mr promnitz on brr have a listen!, page-4

Hey Mudguts

I remember reading your posts with SDL!

They are spending between $1-2million per month, we will have more detailed information next week, like you said, when they complete their latest quarterly report.

In a presentation from July 2011, Mr Promnitz stated that when IDC went to the market in March 2011, he stated that IndoChine issued enough shares to cover the costs of the PFS, drilling and BFS, which means it is enough to cover them to the end of this year.

It was actually over subscribed, so they had reduce the allocation of shares for each investor at the time.

From experience, I would expect Q1 and Q2 2012 cash burn to average $2m while the finish their 10,000m drilling, then once this is complete, for it to fall back to $1m per month from May through to December, since this current drilling program would be completed in order to work on the PFS and BFS.

As the project completes each milestone de-risking stage, such as the PFS and increases in resource, the share price lifts.

What is exciting with IndoChine is that they wont have to issue any more shares until after they complete the highest value adding milestone events for a small cap miner. The PFS, increasing JORC Resource of the ore they are planning on mining and the BFS. By the time the BFS is completed, the mining leases are approved and construction of the mine commences.

Cheers Nectar