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 > third time’s a charm let’s hope ?

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Comment by Silverwhereon May 17, 2016 10:07am

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Post# 24880496

RE:third time’s a charm let’s hope ?

La Cite de l’Or (Stockhouse programming doesn’t like l’accent aigu on the e in Cite).

Pardon!

Silverwhere wrote:
ICG bullboard: please please please take several deep, calming breaths to clear your heads!

First and foremost:
Integra Gold will NOT be around in its current form in “24 months”. We will not be camping out at La Cit de l’Or for 2 more years.

No way in h&ll this express train is gonna sit idling at the train station – not happening people. All aboard or else.

And, goldminer01 has it right: ELD will not wait around for a completed Feasibility Study (FS). They are more than capable of crunching the numbers themselves.

Now please re-read the following JV example carefully (posting this for the third time i.e. third time’s a charm ?). IF we are entering into a JV with Eldorado, it is highly probable Integra will follow this JV script. No sense reinventing the JV wheel, is there?

To reiterate, please re-read the following JV example carefully - and think where we are at in this process; our ICG timelines; our ICG milestones. Imagine you are reading the words Integra Gold’s Val-d'Or Project instead of Premier Gold’s Hardrock Project...

OK, here we go for the third time:

The Hardrock Project is an advanced-stage project currently undergoing feasibility study (this means the FS was NOT, I REPEAT NOT completed prior to this MAJOR JV announcement). A Preliminary Economic Assessment (PEA) was completed and the results published by Premier on January 28, 2014. Subsequently on July 8, 2014, an updated mineral resource on the Hardrock Project was published by Premier with an estimated 4.87 million total contained ounces of gold within an Indicated Resource (89.04 million tonnes (Mt) at 1.70 grams per tonne gold (g/t Au)) and 2.74 million ounces of gold in an Inferred Resource (23.15 Mt at 3.69 g/t Au). See the Technical Report and Mineral Resource Estimate Update for the Hardrock Deposit issued by Premier on August 22, 2014 and an effective date of July 4, 2014.

AND further down in the JV News Release example there’s this tidbit:

A portion of these funds will initially be used to complete a comprehensive technical and economic feasibility study including an updated mineral resource calculation for the Hardrock Project at the Trans-Canada Property. Subject to the satisfaction of certain feasibility and project advancement criteria the remainder of the funds will be used towards the construction and development of the Hardrock Project.

Centerra Gold And Premier Gold To Jointly Advance The Trans-Canada Property
February 5th, 2015

https://www.premiergoldmines.com/news/press-releases/centerra-gold-and-premier-gold-to-jointly-advance-the-trans-canada-property

chew choo