Yes I have the average cash cost in PNG is around $450-600/Oz and forecast for the price of gold is $1800/Oz by July 2012 and $2000/Oz by December 2012.
But I'd rather make my investment decisions based on conservative numbers so we can all work out NPV of Futurecashflows on lower expected profits rather than over estimate them.
IDC is just like SDL was less than 2 years ago. Unknown and unloved.
Just like when we loaded up on SDL at 12-15c we need to load up on IDC and let the management and geological team do their work of increasing the resource, completing a PFS/BFS then commencing production in 2 years time!
Just have a read of this Resource Stocks Article on IDC from May 2011.
I like the sound of a $1Billion Market Cap by end of 2012! Thats a share price of $2 with the current 500m shares outstanding.
