ICG is worth many times it's present value because :
1 ) It has now in fact , morphed into a new '' discovery play '' due the very impressive drilling program. Historically '' discovery plays have appreciated the most '' 2 ) High probability of finding millions of new oz. , thanks to the Gold Rush Challenge helping management develop an improved geological model 3) This is one of very few gold properties with existing infrastructure in a safe jurisdiction where a major could obtain near future increases in cash flow. 4 ) ICG has in fact a high grade, high margin deposit which is rapidly being upgraded. The ICG deposit is a " Put " on the price of gold increasing. Due to macroeconomic factors , the probability of the price of gold increasing is very high. 5) Length of time for a major to be lucky enough to find an equivalent deposit and bring it to production is many years. This a rare present opportunity to capitalize on gold price appreciation. Recent data shows wealth management funds , hedge funds , etc. piling into gold