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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

Post by wwadehammeron Jul 21, 2016 10:29am
181 Views
Post# 25071995

Tonnage

TonnageHere a list of tonnage from past NI43-101s:

Area                                Tonnage          GPT

Sigma                           10,300,000            6

 

No. 4 Plug                      1,325,000            4

 

Parallel                           1,016,000           21

 

Triangle C1 & C2              900,000           15

 

No 6 Vein                          500,000             8

 

Fortune                             275,000             8

 

Sixteen                                93,000            4

 

 

    Total Tons                 14,409,000

The mill can process 2,400 tons a day.  There is 16.5 years tonnage listed above.  They could run the mill for 14 months on just parallel at 21 gpt.  That's  667,000 ounces produced in just over a year at an after tax profit of $700 an ounce or total profit of $476,000,000 or $1 per share.  No more dilution ever.  Why in the world isn't management doing everything it can to start production at Parallel?

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