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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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Post by jcjohn36on Mar 08, 2012 11:41am
568 Views
Post# 19643643

price slammed!!

price slammed!!

looks like IAU is reacting to a revision in the mining laws of Indonesia where companies are being forced to divest their stake down to 50% by the 10th year of production and sell the amount being divested to Indonesions.  Previously, they had been forced to divest 20% of their stake.  Although it is not necessarily indicative of what will happen in the future, past sales have been done at market value.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities