pfs calcs $150million profit/yr amazing eps!

Exceptional PFS!!!

Those numbers are estimating annual prodn of 121,000 ounces of gold and silver equivalent @ $1650/oz gold and Cash Cost of $660/oz!

Current Gold Price is $1800/oz and will break $2000/oz!

These gold mines are amazing due to their tiny capex compared to other minerals!

Only $228mill Capex with expectations this will fall to $170-180Million via leasing equipment rather than buying!

$2Billion Revenue $800 Mill Cost over 8 years equates to an annual profit of $150million!

$2Billion / 8 = $250Million Revenue
$800Million / 8 = $100 Million prodn Cost
Annual Profit $150Million!

Capex Circa $180Million!

And this 121,000 ounce prodn is with the current "tiny" 2.1million ounce JORC! 7.1% of the 2.1Million JORC Resource!

Since we are sitting next to a 28Million OUnce Monster Porgera, you would expect the JORC to lift to 5Million ounces x 7.1% as an annual prodn 300,000-350,000 ounces!

Even at $150Million Annual Profit with the 2.1Million Oz JORC. You would expect IDC to issue 100-200Million shares which would like the shares outstanding to around 850Million shares. The rest of the Capex would be raised via a debt facility as other gold explorers CRC have recently done with tiny 433k JORC!

This will preserve capital and ensure a strong EPS!

$150Million Profit / $850Million shares = $0.17 with Current Resource

P/E Ratios sit at 8-10 times EPS.....you do the numbers!