OTCPK:IDIG - Post by User
Post by
investor2003on Nov 21, 2006 3:12pm
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Post# 11722957
construction costs will probably be 1 billion
construction costs will probably be 1 billionminimum.
Seen it before. They try to make it look sexy and low ball it. The minute construction starts, they increase costs estimate on a constant basis. Forget this play.
They need to raise (in this VERY expensive environment) at LEAST 250 million$. Anything lower and the shovel won't move.
Forget it unless they get bought up. If commodity prices start plunging, then this will go to 10 cents.