OTCPK:IAUFF - Post by User
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Kutubuon Nov 05, 2010 8:00pm
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Post# 17667103
One Of The Best
One Of The BestYes my friend you are correct IAU is in the process of negotiating the reclassification of the protected forest to allow them to mine this is nothing new in Indonesia. It’s not a fast processes it takes time, patience and good negotiating skill to explain to the Government what wealth is generated from opening the forest to controlled mining that will benefit the whole of East Java and improve the living standards for millions of people .
The company’s Indonesian partner IMN has made good progress in this area and is confident that with time a favorable result can be achieved to benefit all.
The present drill results show that the company has a high grade porphyry deposit that could sepses that of Newmont’s Batu Hijau.
In my evaluation Intrepid is developing into world class porphyry deposit with high sulphidation lithocap. A JOROC resource of 10Moz of gold or 21Moz gold equivalent delineated to date.
Don’t look to far you have a top investment in IAU still off the radar screens of many brokers, investors seeking gold – copper exposure despite the recent price strength are recommended that there is medium to long term value potential I’ll be bold and say $1.50 -$4.78
Please do your own DD
Cheers have a nice weekend and a good trading week