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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 wwadehammeron Apr 12, 2017 12:04pm
222 Views
Post# 26112841

Been Waiting A Long Time

Been Waiting A Long TimeFrom Nov 29, 2016 NR:

“The Company is also awaiting assays from the recent drilling of the first Gold Rush target and the initial wedge holes at the Lamaque Deep target. Both of these targets, in addition to the known deposits at Lamaque, highlight the potential for further brownfields discoveries for the Company.”

NR implies that cores have been cut and sent to assayers.  It's approaching 5 monts of waiting.  I hope I'm wrong but it looks like the Toyota target was a bust - just like the Donald property.  I asked IR about it and they dance around as usual with the standard line "Triangle takes precedence".

Doesn't look like anymore GRC targets will be drilled this year.  Guess we have to be satisfied with LD drilling for now.  If they really wanted to increase value in a hurry they would start a pilot hole with Wedges down to 2,600 meters at Triangle.  Guess that would cost to much ($2.5 million).



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