International Gold Corp (IGCO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Gold Corp (IGCO)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr Metals who wrote (251)	11/5/1998 7:45:00 PM
From: Semyon Kuretsky	of 405

the lower it is going now the higher it will go later. 2 core holes out of 15 (9 drilled and six will be drilled) represents 0.13% of the entire 500mm ton core and = 65mm tons 65 * 0.14 = 9.1 - 9.3 mm oz of gold (this is the worst we can have) and only based on these values stock should be in the 7-8 range 9.3 * $50(in the ground) / 48mm shares = $9.6 I do not think company cares at this time about a stock price They care about the drilling and recovery process (15 core holes * 500) + (21 holes * 500 ) + 500 * 2 (extention) = 19,000 linear and this encompasses 500mm ton as company announced So when this drilling is done the picture will clear.. For now (althogh it would be nice )I would not be too much concern about the price stock. It makes it possible to pick more shares at this low price for somebody with cash on hands..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next