newcrest fundamentals on gold &indochinemining, page-3

Hey Wrath

Yeah there was some bot action today, which is interesting since it normally precedes an announcement by between 1-2 weeks.

We are due for some drilling announcements so lets keep a close eye on IDC over the next 5-10 business days.

Very exciting time for the company we already have 1.9million ounces of Gold JORC + 20 million ounces of silver JORC, with significant upside, as stated by Mr Promnitz numerous times, majority of our shares held by the world's biggest funds, PFS, drilling results, BFS, mining leases expected over the next 6 months and we have only been on the ASX for 19 months.

Most companies take 4-7 years to get to where we are now. The current instability in the markets because of the Greek elections is definitely looking like being an excellent entry point for new investors and averaging down for existing investors.

Whatever happens we have $10.5million in cash, the world's largest investment funds and landowners own 85% of our shares in IndoChine. The most important thing to remember is that Gold Bullion has always been the foundation of every financial system and its importance grows exponentially whenever a financial crisis occurs.

Again we are seeing gold bullion come into prominence with the German govt stating that they are planning a European Redemption Pact. With the gold bullion being offered by the PIIGS in return for Eurobonds being issued. eg skin in the game for Portugal Italy Ireland Greece and Spain.

I'll post a bit more on this shortly.

This is the best time for 30 years for IndoChine to go live with a gold mine at Mt Kare.

Cheers Nectar