Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > New Mining Journal article on Integra - v. compelling case

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Post by insitchewon Apr 29, 2014 5:15pm

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Post# 22504372

New Mining Journal article on Integra - v. compelling case

New mining journal article on Integra out this PM https://miningmarketwatch.net/icg.htm is URL. Makes a very compelling case for getting long ICG now. Lays out the situation in detail.

ICG.V presents opportunity for astute investors;

ICG.V appears poised for sizeable share price appreciation as current market cap (~$35M) appears disproportionate relative to its intrinsic value and PEA production metrics.

Established intrinsic value:

Current resource at Integra's Lamaque Project is 756,280 ounces Gold Indicated (3,325,300 Tonnes @ 7.1 g/t) and 293,710 ounces Gold Inferred (851,400 Tonnes @ 10.8 g/t). This will increase considerably near-term -- see value drivers.
Integra is funded to meet current program goals and obligations; ~C$4.5 million cash in bank (as of April 2014).
~C$10 million additional intrinsic value via >C$30 million loss carry forward asset accrued from efforts to date.

Value drivers:

Updated resource estimate expected in Q3; current resource was based off ~105,000 m of drilling, however ICG.V has completed over 55,000 m more (>50% more) that has not yet been incorporated into a new resource.
Continued quality intercepts; Integra currently has 5 drill rigs on Lamaque. ~35 drill hole assay results (out of 58) still forthcoming from Triangle Zone -- very high-grade to date; e.g. (April 22, 2014) 38.2 g/t Gold over 7 m including 241.0 g/t Gold over 1 meter, & (March 25, 2014) 23.02 g/t Gold over 5 m & 31.24 g/t Gold over 3 m.
Feasibility will build on PEA production metrics; PEA shows >110,000 oz Gold production per annum at all-in sustaining cost of CAD$805/oz and peak annual production of 143,300 Gold oz -- large enough to pique the interest of larger miners. Economics of project work even at US$1,000 gold.
Highly prospective for new high-grade discovery.
Experienced management & skilled technical leadership.
Located in infrastructure-rich Val-d'Or, mining-friendly Quebec, with several feed-hungry gold mills with excess capacity within 15 km