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

To: jdcpa who wrote (5346)	2/28/1999 12:07:00 AM
From: Harry_Behemoth	Read Replies (1) \| Respond to of 5908

IDCN is just a tiny jr mining company with some property rights. No income yet as far as I know. Produced no gold yet as far as I know. No one knows or cares about them. They don't have any independent quantification yet of their gold reserves, so no one believes their estimates of book value. JB is working hard to make the company a success. IMHO the web page is great for keeping us investors up to date. March should be good to all of us "ground floor" investors. Great assays should turn some heads at the Prospectors & Developers Association of Canada Annual Convention (PDAC) in Toronto March 14-18. IDCN could be the "rookie of the year" ... who knows, joint ventures, financial backing, investor interest,... A little exposure can go a long way. Now let's get that garnet property working too...remember this one? What should this add to the book value of the company? Indocan Resources Inc. – Dana Township Claim Awarded by Tribunal VANCOUVER—October 2, 1998 Indocan Resources Inc. (OTC BB: IDCN) The company's third and disputed claim at the Garnet Property in Dana Township near River Valley, Ontario has been awarded to Prodigy Resources in an action under the Mining Act, by the Mining Recorder on September 28, 1998: 1) The Tribunal Orders that the dispute filed by Douglas Boddy on November 18, 1996 is hereby allowed; 2) This Tribunal further Orders that mining claim S.1195130 is hereby canceled as of this date; 3) The Tribunal further Orders that the mining claim 1076849, taken as filed only F.O. 1948 is hereby recorded as of this date. The decision in our favor effectively triples the company reserves of Garnet to a figure in excess of 10 million tons produceable aggregate above the water line. An unknown quantity of open-pitable garnet lies below the water line and can be produced along with the aggregate that comprises the bluff rising through the property. The aggregate runs an average of 20% or more Garnet and in many cases exceeds 25%, with mica and quartz comprising the other components. The company plans to market the mica and quartz along with the garnet. Prodigy Resources is a wholly owned division of the company.