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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 wwadehammeron Jul 21, 2016 10:29am
178 Views
Post# 25071995

Tonnage

TonnageHere a list of tonnage from past NI43-101s:

Area                                Tonnage          GPT

Sigma                           10,300,000            6

 

No. 4 Plug                      1,325,000            4

 

Parallel                           1,016,000           21

 

Triangle C1 & C2              900,000           15

 

No 6 Vein                          500,000             8

 

Fortune                             275,000             8

 

Sixteen                                93,000            4

 

 

    Total Tons                 14,409,000

The mill can process 2,400 tons a day.  There is 16.5 years tonnage listed above.  They could run the mill for 14 months on just parallel at 21 gpt.  That's  667,000 ounces produced in just over a year at an after tax profit of $700 an ounce or total profit of $476,000,000 or $1 per share.  No more dilution ever.  Why in the world isn't management doing everything it can to start production at Parallel?

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