ICG 0.00% 0.5¢ inca minerals limited

fyi Marcus Today newsletter from last month focused on AQD and...

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    fyi Marcus Today newsletter from last month focused on AQD and S32 partnership:

    "One of the most interesting and unique things about Ausquest is that it is partnered with international miner South32 via an agreement that both companies signed in February 2017 known as the Strategic Alliance Agreement (SAA). Basically, in this agreement Ausquest presents it's projects which they consider of high value to South32 and it goes through a staged evaluation process in which they are classified as "exploration opportunities" or "drill ready opportunities"... The SAA with South32 currently expires 31st December 2019. From the last quarterly report, there are 2 copper-gold prospects in Peru that are going through the drill permitting stage under the SAA... In January 2018 the cash position of the Company is around A$1.6 million with a market capital of roughly A$11 million. In my opinion it is an extremely attractive play that is significantly under appreciated by the market as the SAA is 1 year in and a lot of projects have been advanced and are being considered for potential JV's / exploration opportunities. Ausquest also has minimal cash burn as well as South32 are predominately funding most of the cost. Definitely one to consider for the "risk-on" investor, especially as Peru will be kicking off this year."

    Hopefully, Inca may now follow suit!

    Poet.
 
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