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 > Tonnage

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Comment by wwadehammeron Jul 21, 2016 12:44pm

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Post# 25072722

RE:RE:Tonnage

Here's where I got orignial gpt for parallel. Integra NR in March 2014:

For the purpose of the PEA, and accounting for both the proposed mining methods as well as using a price of USD $1,175 per Au ounce for guidance, the Company used variable cut-off grades of between 4.0 g/t Au and 5.0 g/t Au for stope design, dependent on each specific resource block.

Mineral Resources at 5 g/t Au cutoff

	Indicated Resources			Inferred Resources
Zone	Tonnage (Metric tonnes)	Grade (g/t gold)	Contained Gold Ounces	Tonnage (Metric tonnes)	Grade (g/t gold)	Contained Gold Ounces
Fortune	60,700	8.0	15,610	111,300	7.7	27,470
Triangle	412,200	12.6	167,200	258,000	15.4	128,000
No. 4 Plug	522,900	8.3	140,280	-	-	-
Parallel	529,300	10.4	176,120	119,200	21.2	81,070
Total	1,525,100	10.2	499,210	488,500	15.1	236,540

Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. All assays have been capped where appropriate.

For the Fortune and Triangle zones, all inferred resources were considered in the mining scenario. Due to the high gold grade of the Parallel Zone inferred resources which are based on minimal drilling, only 40,900 tonnes at a grade of 9.13 g/t Au of inferred resources were considered. The PEA study did not incorporate the resources identified in the crown pillar.

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