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Gold/Mining/Energy : International Gold Corp (IGCO) -- Ignore unavailable to you. Want to Upgrade?


To: Semyon Kuretsky who wrote (287)11/23/1998 12:33:00 PM
From: Chuck Delo  Read Replies (1) | Respond to of 405
 
There are two major things that have to occur for this stock to take off to much higher levels. One short term, one longer term.
The first, (very, very, important) is the two ton leach test. This will probably give us the actual extraction method and cost per oz. of each mineral.
The second is proving the reserve. For this first section, that may not get done until next summer. But if just this section is proven we have a major winner.
In talks with the company today they indicated that things are moving along as planned. They believe they can work through the winter, which is a plus. News should be out on a almost weekly basis (possible delay for Thanksgiving), on drilling results. All good things.
One curious thing is the lack of information being released on the PGM's. This could mean there may be very good news and they want to prove it first, or there could be nothing. If it were nothing I would think they would just release that info since it wouldn't have any effect on the project. Time will tell.
Bottom line is I believe there is only a limited amount of time left before things really fall together. Only a couple of pieces of the puzzle left before the picture is complete>
Chuck