Corporate Update - that has to be one of the funniest documents I have read in a long time and my recollection of the IDC history on this project is a bit different to this document.
100m invested by the company so far and not one of those dollars was theirs...it was ours.
If they get past the PNG ruling.....lets do more drilling. Why? didn't they prove up estimated 28m oz already and of course that won't be cheap seeing the only viable access is by helicopter and that's if they can find a helicopter provider to do it. I couldn't be bothered back reading but think the last was owed a bit.
No road access, no tailings dam, no nothing, no hope.
My Kare has burnt some very big operations long before these jokers decided they could do it.
IDC Price at posting:
0.0¢ Sentiment: None Disclosure: Held