IDA 0.00% 11.0¢ indiana resources limited

I'm totally impressed with the way Campbell Baird is running the...

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  1. 233 Posts.
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    I'm totally impressed with the way Campbell Baird is running the show. I went to a presentation today where he stepped through the results announcement. Here's my guess how the next 8-10 months will play out.
    > a small RC drill program ($250k-ish) this side of the wet season
    > assays / planning through the wet
    > Late March ready to roll again. Program will depend upon what turned up from first RC program. Two scenarios:

    1. not much = another smallish exploratory RC program. Might have enough cash for this, but will need a small top up sometime Q2/Q3 2017.

    2. Mother lode = woohoo. Game on. Could lead to a JV / strategic partner / capital raising with capital injected at much higher price than 10c for next stage exploration (proving up a gold resource costs about $10/oz)

    > Wildcard: Ntaka Hill nickel project: this will be back in play as soon as Ni price improves. Could potentially realise sufficient cash from this to fund the gold exploration program for the next few years.
 
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