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: JimNewby who wrote (5723)	6/3/1999 9:16:00 AM
From: Tom Frederick	Read Replies (1) of 5908

Jim, Agreed on the upside potential. But I am growing more skeptical regarding time tables and if they have any real plan or timetable for providing industry standard verification of what they are seeing. They might as well say their finding gold nuggets the size of grapefruit strewn around the ground on the property. Until a third party drills, splits and seals samples and those samples are sent for assay, and those assays are certified, it's all just nice sounding, encouraging updates. And even then, as you say, they need to create a comprehensive mapping of the total deposit, estimated total ounces and then analysis of cost per ton to process along with OPT recovered metal. Even if they have the gold, we still need to know if they can recover it profitably and if the deposit is large enough to defray the start up costs. Like you said, lots of unanswered questions remain. If the drilling continues, at least they are doing what they promised to do. But if we don't have at least internal assay reports sometime soon, I will start to wonder just where this project is going. And by the way, what happened to the gas deal? I thought the wells were supposed to be completed by the end of May? Any thoughts? Tom F.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next