Aye aye skipper.I am more optimistic than yourself, however,...

Aye aye skipper.

I am more optimistic than yourself, however, that is, as you said, what makes the market. Additionally, it is the broad range of views, facts, rumour etal that make forums worthwhile.

If we were all positive here and followed that view, we would be a long way down.

I agree with the timeframe that you and others have mentioned however, the need for drilling results with high grades requires more cash than the drilling to date, lets just say they had a map to date and will have a higher burn rate when new locations are attempted. It needs to be done to get the majors to bring their lower risk profile funds into IDC.

The above reasons are why I rabbit on about badly managed cash burn in Cambodia. It is a location with great prospects that will require upwards of $10m to get to a level of exploration that could begin to gives the bones of a JORC resource.

Dont believe me, ask the fella's that have been and are still there. Just look at the ASX listed Co's and give the old GM's/exploration mangaers a call. They are happy to talk about the facts and the rumours.

IDC's management have apparently mothballed Cambodia, which is a step forward, however, how can they still be paying management over $600,000 plus admin and office costs to run it??? pg9 (http://www.asx.com.au/asxpdf/20120919/pdf/428tfmlt5gq84h.pdf,)

Read the report, 3 1/2 year contracts on very high packages to run a mothballed operation and no relationship to performance.

They should get a junior/mid level geo to run the country for under $100K, if that. My understanding that qualified and experienced Asian Geos work happily for well under $50K and dont do other business without offering it to their respective employer.