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.

NDAQ:ICG - Post by User

Intchains Group Ltd > Error Corrected - Sorry for the Math Errors

<< Previous

Bullboard Posts

Next >>

Comment by Newbernon Jul 04, 2016 9:27am

144 Views

Post# 25019089

RE:RE:Error Corrected - Sorry for the Math Errors

An inferred mineral resource is a deposit which has been sampled (usually by drilling) to a point at which an estimate of its grade and tonnage is made at low confidence. Generally this is very approximate and subject to uncertainties.
An indicated mineral resource is a deposit in which tonnage, density; shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. However, the continuity of the deposit is not verified.
A measured mineral resource is an economic deposit with a high level of geological confidence and confirmed geological continuity. The deposit has undergone enough sampling that a 'competent person' (which is defined by the JORC-code) has declared it to be an acceptable documented resource estimate.
A probable ore reserve is the economically minable part of an indicated, and in some circumstances, a measured mineral resource. The level of confidence is sufficient as a basis for decision on developing a deposit.
A proven ore reserve is an economically minable part of a measured mineral resource and therefore holds the highest level of geological confidence. The deposit is also proved minable in terms of economic, mining, metallurgic, marketing, legal, social and governmental factors.