ICG.V .305 Up 13% on 2 million volume. I pounded the table at .18 along with my other favorite tax loss favorites. Link back to Dec 31st for more DD.
The new mill/mine is a game changer. If the catalyst they have now and in the very near future, are coupled with a steady rising price of gold, there is going to be a long steady raise in the share price creating a perfect storm scenario IMO.
Production capacity and permits in place to produce 110K oz yearly
Take from the old PEA
Key take In the first full year of production, the company will generate its market cap (~$52 million) in pre-tax cash flows on 111,100 ounces of gold, assuming US$ 1,175 per ounce gold. Based on Life of mine ("LOM") cash cost of C$551 per ounce and all-in sustaining costs of C$731 per ounce
All they need is the $60 million CAPEX to tie everything together. I believe with these economics, they are collecting term sheets.
