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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

Post by kbradleyon Jan 19, 2017 9:12am
240 Views
Post# 25727003

ICG infrastructure...worth?

ICG infrastructure...worth?Interesting looking at a few other companies that have ounces and no mill. Iamgold has the Cote and the 7M ounces need a mill costing over $500M in order to go in production. Sandspring has 6-8M ounces in Guyana and need a $500M mill and infrastructure to get going; Moneta Porcupine has 4.3M ounces in Timmins and need $600M to build a mill. I think what is interesting with Integra, our mill needs less than $10M in improvements and the lights can be turned on. Not sure the exact difference for the ICG mill only costing $100M but nonetheless the infrastructure and skilled labour, no need to build housing for the employees or fly them in weekly...all strong benefits for ICG. George Salamis on BNN today at noon promoting the Goldcorp/Integra initiative.
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