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Intchains Group Ltd V.ICG


Primary Symbol: ICG

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

Comment by wwadehammeron Jul 04, 2016 9:31am
121 Views
Post# 25019103

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

RE:RE:Error Corrected - Sorry for the Math ErrorsYou're right that you can't use inferred in a PEA  or FS.  All this drilling is moving the inferred to the indicated column as well as adding to additional ounces.  The last NI-43-101 issued in December 15 used a cut-off date of August 2015.  Since August last year, they have issued results for around 80,000 meters of  drill results with 60,000 plus waiting to be analyzed.  Those numbers are more than 3 times meters drilled used in the last PEA.  By the time the FS is done in late 2017, I'm betting indicated will be 4 million ounces with 2 million inferred ounces not included.  
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