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Microcap & Penny Stocks : IDCN - gold, garnet, etc.
IDCN 0.000010000.0%Mar 6 3:00 PM EST

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To: JimNewby who wrote (5721)6/2/1999 2:28:00 PM
From: Tom Frederick  Read Replies (1) of 5908
 
Jim, While this certainly is very encouraging, when do we see independent verification of gold?

It would seem that King Midas has been busy all around the property but there is obviously little interest in the market when IDCN is the only one saying it. I have followed exploration companies for a few years now, and thanks to the Bre-X fiasco, there is no longer any credibility until 3rd party certified results on COC ore are completed.

This is not to say that anything you have reported is anything but 100% truth. But look at the stock price. There have been more than enough "releases" on progress at the site all talking about gold veins throughout the material being drilled. The stock price has stayed about the same and even dropped in the face of all this good news.

Having spoken to Mr. Boddy a few times I have a great deal of confidence in his integrity. But the market as a whole wants to see verification. I sincerely hope that this is the next priority for IDCN - certified assays. THEN the market will sit up and take notice. Then there will be serious interest in just how big the deposit is, the OPT, cost of recovery, etc.. But at that point it's than a question of degree of success assuming credible data to confirm the presence of the gold.

Therefor, if you could clarify the status of assay testing, it would be greatly appreciated.

A concerned stockholder

Tom F.
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