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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?


To: VBroady who wrote (4924)1/19/1999 4:32:00 PM
From: kevin joseph  Read Replies (1) | Respond to of 5908
 
After further investigation into this company I am in.Just wish I could have picked up shares for .03 cents last week.Oh well,one should not jump into anything without some D/D.The reason why I have become more bullish on this one is that I have discovered that Placer Dome's deposit of approx .3,000,000 ounces is on the other side of the harbour in Goldboro.The quartz(gold bearing veins) run under the harbour and come up in the area where IDCN are located.If Placer Dome can drill up this reserve than so can IDCN.I have looked over mining records for the area and what was REPORTED in the mining records was approx 1 ounce per ton.These are extremely rich grades.Cost was est at 175 per ounce.If IDCN can find half of Placer Domes resource do your own math.This is an excellent speculation at these fire sale prices.I would expect that once IDCN prove the resource we will see Placer Dome get involved,as they are basically set up only a few miles away.Good Luck to everyone!!!