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 > Triangle now 1,355k ozs

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Comment by Newbernon Nov 16, 2016 9:49am

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Post# 25467716

RE:RE:Triangle now 1,355k ozs

Actually the 1,355K ozs is the inferred. The indicated is 1,182K ozs at a 3gr cutoff.

So the 3 gr cuttoff is 2, 537K ozs. for indicated and inferred.

Interesting enough, this is less than the Sigma / Lamaque reserves, indicated and inferred.

If we look at the indicated and inferred for Triangle, Simga, Lamaque, etc., ICG is well over 5M ozs.

The RE expected in the first quarter will include the above ounces and more. It would not surprise me to see 7M indicated and inferred in this RE.

Funny thing is we strongly suspect there is a lot more in Lamaque Deep as well as Triangle, etc.

So why isn't ICG trading at $1C? It makes little sense to me.

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