IDCN - gold, garnet, etc. 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.

Microcap & Penny Stocks : IDCN - gold, garnet, etc.

IDCN 0.00001000

0.0%

Mar 6 3:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kevin joseph who wrote (5283)	2/24/1999 11:29:00 AM
From: JimNewby	Read Replies (2) of 5908

Right now, IDCN has great potential revenues; according to the IDCN web site, 1998 actual proven assets of $60mm w/actual book value of $1.25 p/share and 1999 possible assets of $300mm w/estimated book value of $3.75 p/share. This is counting only the gold; we also have the byproducts of gold mining and the garnet as well. If only half of this scenario comes true over the next year, a one year pop from .05 to $2.00 is a forty-bagger. This stock is definitely a long-term hold. Source: goinvest.com IMHO, they need to prove the gold reserves through their current drilling operations and present the results at the PDAC and then they need to get rolling on the garnet (I believe they have a buyer in Italy). This will produce the revenues needed to mine the gold. You know the old saw, “it takes money to make money.” For example, Lateruo, in Longview, Texas, makes an L1800 front loader for strip mining that costs $3mm each (it has a 5-ton scoop). When IDCN starts doing what they say they are going to do, then the price will take off. It doesn't matter what they say they are going to do, it's what they do do that makes the difference. This is the only reason I can figure why this stock is stuck at a nickel.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next