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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 idlefreebirdon Apr 13, 2017 5:28pm
199 Views
Post# 26120759

Bossu

Bossucouldn't reply on your post...here is what I got ...

According to Steve's  Corporate Video on webite at 4:56 ,we are financed till the end of 2017 and that includes all the drilling ,the underground work, bulk sample, refurbishing the mill , paying salaries for our 70 employees as well... Therefore those ounces are accounted for the way I see it... but here is cost for toll milling that is in PEA...

During the pre-production period, offsite toll milling is planned as tonnage is insufficient to justify starting the Sigma Mill. Transportation (C$4.15/tonne) and milling (C$41-C$43/tonne) quotes from the specific mills identified were used in the cash flow model as well as the expected gold recoveries (89% Triangle and 94.7% Parallel)

This is the amount of revenue they want to gain from pre-production:


Pre-Production Capital and Sustaining Capital

 

Pre-production capital expenditures are expected to amount to C$175.0 M, not including pre-production revenue of C$64.0 M. The PEA anticipates toll milling for the entire 18 month pre-production period (see quarterly cash flow model in the presentation at the URL above for additional details).hope this clarifies things....GLTAL

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