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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 idlefreebirdon Apr 24, 2017 10:35am
130 Views
Post# 26156838

RE:Profit from a 50,000 tonne bulk sample

RE:Profit from a 50,000 tonne bulk sampleGH, yes i forgot to subtract toll milling and haulage from profits lol, for developement it's in the bulk sample cost of the years budget of 28M ... for toll milling it will cost 2.5 M for the 50,000 tons...GLTAL

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). Transition from toll milling to processing at the Sigma Mill is expected to take place in Q3 of year 2 in the proposed mine plan, at the end of the 18 month pre-production period.
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