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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 tomgraniteon Dec 24, 2016 10:59am
150 Views
Post# 25642504

RE:NI 43-101

RE:NI 43-101Looks like you are using the 3g/t cut-off grade. IR have told me that they will be using 5g/t cut-off grade in the PEA so I'd re-work your figures based on the lower figures in the RE.

3mil ozs in total seems reasonable to me. They are doing a study on the old Sigma mine down to 400m, so this could add to the RE.

I'm not sure, but I think that the 140kms of drilling you quote refers to the Triangle deposit only, so you need to extrapolate on the Triangle RE only if you want to apply your theory.

There will be more infill drilling than step out drilling results in the upcoming RE so I don't think you can pro rata the RE up on a like for like basis.

ICG management refer to the upcoming report as ''the mother of all REs''. It's not like them to be so outwardly upbeat, so maybe they know something I don't.
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