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AIC Mines Ltd IAUFF

Metals & Mining Industrial Metals & Minerals
AIC Mines Limited is an Australia-based resources company. The Company is engaged in the exploration, mine development, mine operations and the sale of copper concentrate in Australia. Its projects include the Eloise Copper Mine, Marymia Project and Lamil Project. The Company owns the Eloise Copper Mine, a high-grade operating underground mine located Southeast of Cloncurry in North Queensland. It is also advancing a portfolio of exploration projects that are prospective for copper and gold, which include Jericho Copper Mine, Pyramid Project, Delamerian Project, Peake and Denison Copper Project and Windsor Base Metals Project. The Eloise Regional project consists of approximately 2,000 square kilometers (km2) of contiguous tenure. The Marymia Project is located approximately 160 kms south of Newman in the eastern Gascoyne region of Western Australia and covers approximately 3,600 km2. The Lamil Project is located in the Paterson Province of Western Australia.


OTCPK:IAUFF - Post by User

AIC Mines Ltd
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Comment by b00gn1shon May 05, 2010 8:22am
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Post# 17063868

RE: Australia 40% tax on resources

RE: Australia 40% tax on resourcesFollowing up on my own post.  The whole issue of Aussie taxation appears to be moot since they've sold Paulsens.
Haven't fully processed this, except it clearly indicates that Intrepid is putting all of their eggs in the Tujuh Bukit Project.  Would be more comfortable if there wasn't still that overhanging issue of the forestry classification there.   The mineral resources are not the biggest question.  Also, would like to see a major partner come onboard as well.   Don't think that Intrepid has enough cash to get that project funded to first pour.
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Dealroom for high-potential pre-IPO opportunities