rainmann,
There will be 3 years before IDC sees a single gold bar.
A conservative estimate of 5m a quarter expenditure over 3 years is 60m$.
Capex to first gold would be roughly 250m$. Therefore the company will have to spend 310m$ at least prior to first gold.
Market cap increases for two reasons. More shares or higher share price. IDC does not have the money so it will print a lot of shares for 3 years... So yes they will reach 1 billion market cap but how much does the SP appreciate.
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rainmann,There will be 3 years before IDC sees a single gold...
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