why delay in releasing results??? , page-44

From my conversations with management and others in the gold mining industry, it is clear that the strategy has changed.

If you read yesterday's announcement closely, IDC will continue to drill to prove up more high grade gold to prove it is viable and cost effective on a small scale operation, rather than a larger scale as first planned.

This will be done before BFS is progressed further.

I believe their focus has shifted in response to the price of gold and as a result, although will need funds to drill, will not need the initial 25 million dollars they needed for the BFS now.

I agree that the BFS will be delayed, this is a fact.

I also believe that the high grade gold at shallow depths is the clear differentiation of IDC with other explorers and miners, especially in this climate of lower gold prices.

This is why other miners have also been smashed.

If IDC can come out and prove up a high grade zone of say 5 to 10g/t gold at say 500,000 to 1,000,000 ounces, then its game on for them to put forward a proposal to start up as a small mine, and only cost them about half of what it would have initially.

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