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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Comment by goldhunter11on Jan 16, 2017 12:22pm
247 Views
Post# 25713003

RE:Bulk Sample Area

RE:Bulk Sample AreaHello WWH,
I juts took your number and re-worked them in gpt-m and then the  average value. I came up with an average of 25.5 gpt-m which is around 30gpt-m which is  considered as economically viable... and an average grade of ~6.8gpt. Note that the area for C2 bulk sampling (grey outlined) in the diagram shown in the last NR has various contours with a large  central portion with gold grade x thickness > 50 (blueish pink) so the average of 25.5 is much lower. Kindly check my math.

- If we took the average grade of 6.77 ppt a 20,000 tonnes bulk sample would give
20,000 tonnnes x 6.77gpt/31 = 4367 ozAu x $500 profit/oz ~$2M profit.

- RE of C1 and C2 above 300m (from 0 level up to the surface) assuming 100m  width (measured into the page):
Caesars, in the link below, has a good diagram of Triangle.

https://www.caesarsreport.com/blog/integra-gold-starts-to-construct-its-exploration-ramp/

By eye-balling, this zone (from surface to 300m depth) has about 5 "cubes" of 100m on each side.
5 x (100 x 100 x 100 x 2.8 x 6.77gpt/31) = 5 x 0.61Moz = ~3MozAu (devided by 2 to be conservative) = 1.5MozAu for C1 and C2 (from surface to 300m depth).

And that is for a width of 100m. A width of 200m would get back the 3MozAu for C1 and C2 from surface to 300m depth.

Moving down another 100m would add 2 more cubes (100m side) from C3, etc...Note, this is only a guess from eye-balling the diagram, but it would show the general trend and magitude of Triangle (and #4 Plug) RE.
GH


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