GREY:ICMTF - Post by User
Post by
falcon Apr 19, 2010 9:58pm
1305 Views
Post# 17009169
higher valuation
higher valuationnew news..I saw the raise from 1.65/share to 1.85 a share from Hatham Hodaly of Salma Partners. This stock is also 'planetary prospect' from Ticker trax!
old news...
Inter-Citic Minerals Inc. (TSX: ICI) is a gold exploration company developing the Dachang Gold Project – one of China's largest undeveloped gold resources. Results of a Scoping Study released June 6, 2009, demonstrate positive economics for an open pit mine. At US$750/oz gold, Dachang is estimated to generate an after tax IRR of 40% and an after tax project NPV of US$200 million at a 5% discount rate.
Changing the gold number to 950/oz gold give a NPV of over 450 million! even cutting that in half (after taxes, etc etc) gives a share price value of over 2.50/share!