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Inca Minerals Ord Shs V.ICG


Primary Symbol: INMNF

Metals & Mining Copper
Inca Minerals Limited is a junior resource company. It is engaged in exploration at the greater Frewena Project and the Jean Elson project, both located in the Northern Territory, and at the MaCauley Creek Project, located in Queensland. It is focused on gold-copper porphyry deposits, copper and zinc skarn deposits and iron ore-copper-gold (IOCG) deposits. Its projects also include the Lorna May Project and Hay River Project. The MaCauley Creek Project is located 100 kilometers (km) west of Townsville in Queensland. It consists of two granted exploration permits (EPM 27124 and EPM 27163) covering 359 square kilometers (km2) and it lies within the Townsville-Mornington Island porphyry belt. The Frewena projects have 4,736 km2 of granted tenure and exploration license applications in the East Tennant IOCG province of the Northern Territory. The Jean Elson Project is located 325 km east of Alice Springs in the Northern Territory and lies a mere 30km north of its Lorna May Project.


OTCPK:INMNF - Post by User

Inca Minerals Ord Shs > ICG Valuation
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Comment by goldhunter11on Feb 24, 2016 11:24am
116 Views
Post# 24589309

RE:RE:RE:RE:RE:RE:RE:ICG Valuation

RE:RE:RE:RE:RE:RE:RE:ICG ValuationBlue,
Thanks for responding. You are certainly entitled to your opinion. I come from a lower end as far as resource estimates are concerned. There is always room for further projection, but they must be backed up by limites (e.g. cut-off grades) and tangible evidence (drilling program) so that we can walk into a "prediction" with full awareness of the surrounding, and with both eyes wide open.

Agreed that we should worry about is an early take-out. Let's hope that ICG is pulling the Falconbridge trick in this case with ELD having 15% of the company ( just like Robert Frieland brought in Falconbridge to entice Inco into a bidding war for Diamond Fields). Even with a 15% "friend" to anchor the company, it would be a good idea for ICG to get some kind of "protection", some kind of a pill (lol), just in case the friend might get some idea about extra benefits. But, if ELD came up with a marriage proposal made-in-heaven, then... it would be OK for ELD to have some benefits provided they are mutual for us shareholders as well.
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