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Re: Smilin_B post# 3670

Wednesday, 07/24/2013 2:14:44 AM

Wednesday, July 24, 2013 2:14:44 AM

Post# of 9220
Thanks, for this tidbit:

In efforts to add revenues, it is Ram Makunda's desire to "purchase" a 25% ownership stake in TWO mines near Aohan Banner, Inner Mongolia, along with all the magnetic separation equipment belonging to the mines. The reserves here are estimated at around $200M dollars, and IGC plans to begin production on this site in just a few weeks from now. There will be about 60+ employees operating the site on any given shift. The revenues from this mine will, of course, be accretive to earnings

BTW, who said I was a shareholder? Just wanting to view the longer term perspective before-hand and thought you might have some insight since you appear to follow this one so intently.

GL trading / investing.


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