IDC 0.00% 0.0¢ indochine mining limited

EL 1093, page-47

  1. 653 Posts.
    "As to your question about Indochine and Mt Kare. The $100m that was spent was to validate that Mount Kare is one of the worlds largest and highest gold mines, larger than a top 10 gold mine Porgera and complete the LIR."

    Mt Kare isn't validated as one of the worlds largest gold mines you fool. They've currently got 500,000 ounces at >10gpt. All those fancy slides and comparisons to Porgera mean nothing until they prove up the resource, which is yet to be done, and which requires substantial capital. So please again, let us know what the $115m was spent on? Of which $15m was capital raising fees to Empire Securities over 3 years.
 
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