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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 kbradleyon Jan 21, 2017 6:48am
211 Views
Post# 25736792

RE:RE:PEA

RE:RE:PEAIt will be interesting to see how many ounces in the PEA, I think we might be surprised. The nature of the plug style deposits, historically both Sigma 4.5M ounces and Lamaque 4.5M ounces, neither had more than a couple years of proven reserves. I think the fact that we have 10 years worth of mine life on a similar style plug is very reassuring especially C4 having virtually no limits rigth now to the one side. Keep drilling keep hitting..all good. We have past the stage of IF we are going to mine this deposit. It is de risked financially as well, that being said mining is a difficult/risky business. Fully funded for 2017.
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