09:14:03 EDT Fri 29 Sep 2023
Enter Symbol
or Name

Inca One Gold Corp
Symbol IO
Shares Issued 63,929,674
Close 2014-10-17 C$ 0.155
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Lundin refreshes buy of Inca One Gold

2014-10-20 18:34 ET - In the News

Brien Lundin, in the October, 2014, edition of the Gold Newsletter, refreshes his buy of Inca One Gold Corp. (formerly Inca One Resources Corp.), recently 15 cents. Mr. Lundin said buy in July, 2014, at 17 cents. Assuming a $1,000 investment for the buy, the position is now worth $882. Mr. Lundin says Inca is moving rapidly toward positive cash flow at its Chala One toll milling facility in the Arequipa district of Peru. He figures Chala should have one ball mill operational by mid-December and a second one operational shortly thereafter. These mills will allow Inca to realize its plan of capitalizing on Peru's formalization of its small-scale mining sector. As cash from Chala begins to come in by January, 2015, says the editor, Inca plans to expand its operations and set up more plants in other key gold districts of the country. Mr. Lundin says the bottom line is that Inca is a great low-risk play on gold. The stock remains a buy for positive cash flow in the immediate future.

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