RE:RE:RE:I am IN, just take a look to the price they sold their shareI always listen to a 4 star. My best case (with many assumptions) for IGC follows:
Blue laid out a logical case for 8 million ounces recoverable which I'll use in my calculation. I project that the company will need another $200 million to complete drilling and bring the plant to operating conditions. Assuming the company raises the funds with flow through shares (average $1 Canadian per share} it will have 700 million shares outstanding when production begins. I assume a 20 year life at 400,000 ounces per year.
Projecting gold at $1,500 Canadian and after tax profit of $500 Canadian an ounce, you arrive at total profit over 20 years of $4 billion dollars {8 million ounces x $500) or $5.71 cents per share. As far as discounting goes, IMO, if inflation takes off in the next 20 years, so does the price of gold.
I'm sure many might disagree with my assumptions, but they can plug in what they want. I'd be very interested in your projections AWAC1 for both Integra and Eastmain. Thank you.