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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a China-based provider of integrated solutions consisting of high-performance application specific integrated circuit (ASIC) chips and ancillary software and hardware for blockchain applications. The Company has built a proprietary technology platform named Xihe Platform, which allows to develop ASIC chips.


NDAQ:ICG - Post by User

Post by TedOwenson Jul 12, 2015 12:04pm
197 Views
Post# 23915781

Integra should partner on mine development

Integra should partner on mine development
While Integra is making a noble effort to bring the existing exploration projects to development status, it would be reasonable to be of the view, given the gold price and capital acquisition challenges as of late in the market place, that investors would be better served to have management take the position of vending the project base into a development deal with another cash infused intermediate and develop the asset base together.......While it may seem more glamorous to attempt to do it independently, there is still significant risk involved in going it alone as there is still uncertainty attached to the economics of the project when factoring in the refurbiishment of the mill infrastructure and other assorted development criteria's still in need of address.......In other words, Integra is a budding junior developer who is attempting to jump a major hurdle in a time where the price of gold and limited capital funding sources are going to make this jump a lot more risky than it needs to be........Ego may be the underlying element here with management when taking all things into consideration......
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