Inter-Citic Minerals Inc ICMTF

ICI: The Gold Report

[spazzman]

ICI: Ducks in a Row
The Gold Report Interview with Brien Lundin (06/18/2010) 
"Well, Inter-Citic Minerals keeps putting out positive news releases. They just keep finding more gold. Their Dachang project is enormous. "They've explored only a fraction of it so far and I believe their drilling hit ratio approaches 95%. One of the important things they've done on the corporate front recently is bringing in major financing from a local Chinese gold company. Combining this with their large shareholding by another local—and powerful—Chinese group, it seems that this project is very likely to make its way into production.
While working toward production, I think they're also looking at ways to maintain the exploration upside for shareholders. Dachang has evolved into a development project and they're getting all those ducks in a row to bring that project forward to mine it. But huge swaths of their property position, where they are finding very similar mineralization, are underexplored. The company wants to preserve that upside potential for investors as well as the steady development potential of Dachang as a gold project. So while Inter-Citic's had a good run in the share price, tremendous upside potential remains. I couldn't be more positive about it."