IDC indochine mining limited

Hey GuysI have read through all their announcements and video...

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    Hey Guys

    I have read through all their announcements and video presentations since IndoChine acquired Mt Kare and all the dates aim for a November release of the JORC conversion and upgrade.

    It could be delayed a couple of weeks because of the helicopter issues they mentioned in their quarterly report, but they also mentioned that they will be releasing results from the current drilling program in November and December.

    If they are going to do this, then they need to have converted and announced the existing gold in the ground to JORC, in order for them to compare apples with apples.

    Not long now. Im trying to accumulate as the price fluctuates with day traders getting in and out of the share!

    Once the JORC announcement is made, the media coverage will assist to increase the company's exposure.

    IMHO - There will be articles in business and mining magazines, it will appear in Hedge Fund, Super Fund and Investment Houses desks then the analysts will be working out how much gold is potentially in the ground, average cash costs in PNG and how much capital IDC will need to extract it.

    Once we get the share price rise, IDC will also appear like a red rag to a bull in analysts spreadsheets, as they scour the ASX to see what shares have moved positively with volume! This will bring additional exposure to IndoChine and its magnificent story at Mt Kare and longer term Cambodia!

    The larger the JORC Gold Resource which is defined at Mt Kare, the higher the annual production. The higher the annual production, the higher the annual revenue and profit, hence the higher then net cashflows from operations.

    The higher the next CashFlows, the higher the NPV of the mine, lifting its Market Cap significantly higher than it is today.

    We just need to give Mr Promnitz time to build this magnificent business, the rest will happen purely on market forces.

    Cheers Nectar
 
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