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

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To: Semyon Kuretsky who wrote (289)12/3/1998 11:58:00 PM
From: Wayne  Read Replies (1) of 405
 
I suspect that the technical issues will be rather protracted. This ore is not likely to yield to a routine leach process. Its not going to be like the Nevada deposits where you can just stack up loose ore and sprinkle it with cyanide. It also doesn't fire assay easily so reported assay values are actually low. They have a lot of gold to work with, but recovery is still a problem to be solved and will not be simple. I fear that the technical problems will delay things a lot longer than people think is normal and cause problems for the stock price.
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