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Enter Symbol
or Name
USA
CA



Inca One Gold Corp
Symbol IO
Shares Issued 67,275,714
Close 2015-03-10 C$ 0.26
Market Cap C$ 17,491,686
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Lundin refreshes buy of Inca One Gold

2015-03-10 19:41 ET - In the News

Brien Lundin, in the March, 2015, edition of the Gold Newsletter, refreshes his buy of Inca One Gold Corp., recently 24 cents. Mr. Lundin said buy twice -- in July, 2014, at 17 cents and in February, 2015, at 21 cents. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $2,554. Mr. Lundin says Inca One is well on its way to reaching consistent production at its Chala One toll processing plant in Peru. In the last month, Chala One recovered 1,187 ounces of gold and 942 ounces of silver from 1,140 tonnes of material. Since Dec. 31, 2014, the plant has recovered gold at an average grade of 0.9 ounce per ton. Inca's goal is to maintain that grade at or above one ounce per ton. It is always a good sign when a company delivers on its promises, the editor says, and Inca has been doing just that by expanding Chala One to the targeted 100-tonne-per-day capacity and using it to quickly generate cash flow. Inca is a great speculation on small-scale gold production, Mr. Lundin concludes, and a good stock to have ahead of the next run-up in gold prices.

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