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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 Magnamonileon Jan 22, 2017 12:39am
301 Views
Post# 25738222

RE:Rick Rule

RE:Rick Rule
Redflame you are a monumental fool.

You use this 2.2km analogy which is utterly flawed because the lamaque deeps are adjacent to and beneath existing mine infrastructure from the old Lamaque and Sigma workings. I looked at this data in the 3D leapfrog software during the goldrush challenge and the lamaque deeps are maximum 500m from existing workings meaning you do not need to build a ramp from surface to 2km depth but can instead reuse much of the existing workings.

How about you do your own due diligence flame instead of worshiping Rick Rule? The mining industry is notorious for getting things wrong, being on the wrong end of the cycle, and making stupid purchases. Look at goldcorp - they bought coffee when gold was $1300 US, now it's  $1200 - why didn't they buy it now? The industry is terrible at timing and valuations.

You also make the statement: "Sure other mines are as deep, but those mines mined ore all the way down." How about you load up GIS and look at their intercepts and historical workings and you'll see the gold starts at surface and continues steadily downward.

Please do us all a favour and don't post here again without doing any due diligence.
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