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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 goldhunter11on Dec 12, 2016 1:22pm
107 Views
Post# 25586753

RE:RE:RE:Triangle's Q1 RE

RE:RE:RE:Triangle's Q1 REWWH,
The numbers look good. Even with the 5gpt cut-off and without the 300,000 oz from Sigma above 400m the total I+I+IF would be ~2.8Moz.

A 140,000/yr production would yield a LoM of ~20yrs with a very healthy profit for every year of the operation. Somebody would consider that a good toehold in ICG while keeping a close eye on the exploration side of ICG wrt to Sigma/Lamaque Deep. They could even have a JV on the Sigma Mill to upgrade it from 1200 tpd to 2400 tpd or 5000 tpd, for whatever reasons. Currently, the mill can run @1200 tpd  (x 330days x 8gpt/31 = 102,000 oz/yr).

Higher head-grade, say 9gpt, and 350days/year would increase production rate by some 20%. But the best option would be to increase the milling rate from 1200 tpd to whatever required to get to the target annual production, say 140,000 oz/yr, or even 200,000oz/yr (2400 tpd would do the trick). The LoM would be shorten, but the is a very good chance that the RE would increase from 2.8 Moz to something much higher to bring back  the LoM of ~20yrs.

On paper (RE/PEA/RE), there will be may options for a major to consider. As far as ICG is concerned, it may be more profitable just to set all this up and sell the deposit in the southern portion to get a whole bunch of cash for explorating the northern portion, rather than actually going through the production mode like Osisko. Leave the headache of setting up the mine, digging up the stuff and processing to a major like G or AEM since the major is good at this sort of thing (I have put ELD aside since it's no match for the other 2).

Round 2: Wait for a couple of years, if ICG hit it big on the northern front while digging deep, the major operating the mine in the south will come knocking on the door again. They would normally it to the junior to do all the heavy lifting.
GH
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