Barrick mined over 7 million ounces from 20 plus mines last year. Porgera mined about 1.5 million oz p.a. In the early years because of the bonanza zones.
If IDC has similar bonanza zones it has the potential to push out ounces at similar rates to the Porgera early years. 5 million tonnes at an 27 odd g/t was what Porgera had. What IDC has is still being defined. I plan to hang around long enough to find out.
Shallow bonanza grades will be very attractive.
IDC Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
