Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

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

Intchains Group Ltd > lrg

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Comment by Redflameon Feb 09, 2017 9:35am

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Post# 25821802

RE:RE:lrg

lrge, here's a quote from company's PR in Nov 15:

Given that the large majority of ounces in the resource estimate announced today are contained within the generally thicker "C" type structures which dip between 55 and 75 degrees, the Company plans to evaluate in particular Long-Hole mining methods to extract a larger portion of the resources in an updated PEA. The updated PEA is schedule to be completed in H1 2016.

Think the next resource estimate will be completed by end of march 2017 or 2018 - don't hold your breath.

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