IDC indochine mining limited

In the real world, when one discovers (say) a lump of dirt 25m x...

  1. 683 Posts.
    In the real world, when one discovers (say) a lump of dirt 25m x 50m x 75m @ 70 gpt gold you might be sitting on a possible dicovery of
    93,750 cubic meters x 2.2 to give tonnes
    206,250 tonnes
    x 75 gpt
    = 480,395 oz
    Now I don't really know if that is a correct summation of whats just been announced.
    It may be far far less.
    Lets say is only 120,000 oz absolute max, just to be conservative with a production cost or $350.00.
    Thats $180,000,000 of wealth just added to the notinal IGV of the company at a cost of no more than S100,000.
    At a purely theoretical level does any one here think thats not significant?

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