ICG 0.00% 0.5¢ inca minerals limited

I liked this bit: "Other positive considerations include the...

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  1. 1,264 Posts.
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    I liked this bit:

    "Other positive considerations include the fact that the CPMB has several Zn-Ag-Pb concentrate plants (Figure 8) which are open to toll treatment contracts."

    It gives the sense that there is a relatively clear pathway to a Inca mine:
    - Riqueza has potential to be standalone concentrate operation
    - If S32 exercise their option they will fund up to pre-feasibility, which I believe gets us close if not the whole way to defining a JORC resource.

    From that point I assume both parties would produce a DFS, seek project funding and hopefully start digging.  Access to existing plants under a tolling arrangement will keep capex costs low, whilst the prospects at Cerro Rayos potentially gives us a bigger slice of another future prize.   It reminds me a bit of FAR and Senegal / Gambia but before SNE was proven.  Time to load up me thinks.  

    Anyone whinging just needs to hold on a bit longer and see where things land with S32.  They are in the drivers seat now and by all reports are good drivers
 
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