RE:RE:ICG – a reminder videoI really do think that de Jong plays down the route to production. Most CEOs would be yelling from the rooftops that they could be in production in the near future. I think it is still possible that they could be in production within a few months of a FS being completed. That FS could be done in Q4 of 2017.
de Jong made the comment that the annual production profile in the upcoming PEA could much improve the figures. He talks about getting up to a possible 200k ozs pa if they have enough deposits to feed the mill.
Salamis was still giving guidance of around 100k ozs in his presentations in Sept/Oct. If they can actually get the figure closer to 150k ozs coupled with a pog that is $200 Canadian higher than the last PEA, then that would radically improve the IRR and NPV.
The PEA could be out any time in January, but my guess is that they will have finished it before xmas. ICG will then just need to prepare the NR and publish it when they feel it is appropraite. We could get it in 4 weeks time!!!!