Originally posted by JamesExpat2
Just finished reading a short article on Friday's West Australian (page 64-West Business Section)
which may lend support to some of our posters estimates of our in situ gold (ie disregarding
our Richmond vanadium resource for the moment).
The article headed "Ramelius buys again" and reports-
(1) Ramelius to buy the Marda gold project (Yilgarn region) for $13m (151,000 ozs @ $86 per oz)
(2)Ramelius ann. a hostile bid for Explaurum(Wheatbelt area) for $59m(485,000 ozs @ $121 per oz)
NB the above to be feed source for their Edna May recently acquired gold mine(bought from Evolution
in a staged $90m deal last year).
Gives us some insight as to what IRC's current 433,000 oz resource plus targeted 1,000,000 ozs
by December should be worth(and again ignores our vanadium).
Food for thought and surely confirms a predator is in the wings suppressing our SP and Mkt. cap.
Hold firm as it's only a matter of time for a breakout.
Since my above post of 15 Sept. '18 there has been two beneficial changes for IRC and gold miners in general ie
15 September 2018 12 October 2018
US Gold price(per oz) US$1,193 US $1,220
AUD Gold price AUD$1,669 AUD $1,712
IRC's JORC 433,000 ozs 562,000 ozs
NB Updated JORC for Anthill being worked on as we speak which should increase our JORC to ~700,000 ozs
(target 1,000,000 ozs by Dec'18 or March'19 quarter).
What's not to like about all this ?
Most of us would agree it's only a matter of time before IRC's SP reflects these changes and IRC's great potential going forward
-and with our vanadium project only waiting for our Chinese friends to hurry things along.
A good time to buy for anyone with spare cash.
Food for thought ?-Maybe JP might consider a buy back of EGS' reported remaining 8m IRC shares and cancelling them out !
This would get rid of the overhang on our SP.