Nectar you make me blush.
No time to night I will get back re Pre paid drilling
But until I do chew this over.
IDC targeting initial production of about 150-250,000 ounces/year.
They have now identified a high-grade zone of 750,000 @ 5 grams/tonne (these are good underground grades) but excellent open cut grades.
This will pretty much guarantee the project goes ahead on schedule.
Latest stories coming out of PNG (Mineral Resources Authority) are that IDC is the "darling" of the Mining Industry in the eyes of the PNG government.
IDC have apparently done everything right with the land owners at Mt Kare (the biggest legacy issue) and are very much in favor with the PNG government for the manner in which they have gone about re-establishing the project and fast tracking it toward mining status.
It looks near certain (given the advanced status of the project at the time of acquisition) that the company can complete PFS/FS in the next 12 months.
Nectar you make me blush.No time to night I will get back re Pre...
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