potential zero cost producer

After scouring the asx over many months i have come to an educated conclusion that Indochine Mining provides some of the greatest upside potential of any stock i can remember.

Having a close friend who holds a PHD in Geology from Monash has been beneficial in interpreting and understanding the results. He is extremely impressed by the grading and depths of the gold and the significant presence of Ag in the ore bodies. He is also of the opinion that the 2m Oz of gold represents a fraction of the resource actually present at Mt Kare.. It's difficult for him to predict any size however his view is that the next resource upgrade could be quite significant - his quote was "if there isn't 6-8m Oz gold in that monster as a minimum i'll be very surprised".

As has been duly noted by others on this forum that sort of deposit would place Indochine's Mt Kare behind Newcrest Mining as the second largest deposit on the ASX. His view is that IDC will become a takeover target very quickly once the resource upgrade is announced. I'll be holding to production and will certainly be voting against any sort of takeover proposal.

Indochine could well become a Zero cost producer considering the Silver credits upon extraction.. The upcoming PFS will hold the key to the companies' valuation as it will encompass its costings of production and extraction. Hence the reason why the PFS could well be a company maker and re rate the underlying value of this enterprise.

The largest Multi Billion Dollar Investment Funds have thrown their money behind this so called minnow - i now understand why..

I Don't like prediction however considering the volume of Drill Results over the coming 2 months to come, coupled with the all important PFS we could see 50-60c quite quickly.

Of course its a different metal however we only need to look at little known SIR which jumped from 5c to $2 in a very short period of time - many too were anxious buying at 20-30c.

DYOR i always do mine.