Relax Gamble all good!We have been discussing a Gold Loan for 12...

Relax Gamble all good!

We have been discussing a Gold Loan for 12 months on this forum!

With these grades of gold and silver its a shoe in.

If you look at today's announcement confirming Bonanza Gold Grades in the BlackZone, you will see how shallow the bonanza gold starts from the surface less than 50metres.

Remember Mr Promnitz stating that a 100mx100mx40m could easily host a million ounces of gold?

IndoChine will comfortably get approval for a gold loan, since an area of this size would only take 4-5months to be mined so shallow in the ground.

1Million OUnces would sell at today's Gold Price of $1580/Oz for $1,580,000,000! A $218Mill loan would be paid back in a matter of a few months.

When you work out your EPS and share price calcs for IDC, I am using between 1Billion and 1.2Billion shares max outstanding. :)