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


To: Robert who wrote (357)2/11/1999 10:23:00 PM
From: Semyon Kuretsky  Read Replies (1) | Respond to of 405
 
Yes, Robert.. You are right.. IGCO is ready to file with SEC
(maybe already filed) and will be fully reporting company soon..
IGCO will start releasing assay results on 5 ft intervals which will
be great support to our expectations (calculations) regarding deposit size..Lab is being restructured to allow handling not only assay work but also experimentation with extraction methods and finally recovery cost determination..
All work is done under supervision of Dames and Moor..
I don't think we will see any hype from the company to boost the stock price...but only hard facts.. the prospects of this project are so BIG that current price is all but irrelevant..
Patience has to be exercised (and is not easy watching internet comets piercing the sky).
In conclusion, I was overly excited learning that recovery cost should be in the area of $150!!
That should give us at least $50 per OZ in stock price evaluation
with 45mm OZ proven (end of summer) the stock price will be at least
45,000,000 * $50 /68,000,000(?) shares(fully diluted) = $33..
add silver and rest of the claims and the stock should be then in the range of $40-45..
So investment of about 10k today will be turned into 500k in less than one year..
As this deal is getting better and better, just sit back, relax and let the company do their job...
and BIG PAY DAY will come !!
Good luck to all!!!