19:28:14 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Inca One Gold Corp
Symbol IO
Shares Issued 65,410,674
Close 2014-12-22 C$ 0.18
Market Cap C$ 11,773,921
Recent Sedar Documents

Lundin refreshes buy of Inca One Gold

2014-12-22 18:55 ET - In the News

Brien Lundin, in the December, 2014/January, 2015, edition of the Gold Newsletter, refreshes his buy of Inca One Gold Corp., recently 19 cents. Mr. Lundin said buy in July, 2014, at 17 cents. Assuming a $1,000 investment for the buy, the position is now worth $1,117. Mr. Lundin says Inca's transition to a small-scale producer from an explorer is almost complete. The company is in the final stages of testing the first milling circuit at its Chala One processing plant in Peru. Start-up production using a 50-tonne-per-day ball mill will begin soon, says the editor. A second circuit, with another 50-tpd ball mill, is scheduled to come on-line by the end of the year. Separately, Inca has closed the third and final $1.4-million tranche of a $5.5-million bond financing. Mr. Lundin notes that Inca timed the three tranches so the influx of cash matched capital expenditures, allowing it to minimize interest expense. Once gold processing and subsequent cash flow "begin in earnest," the editor expects to see a strong increase in Inca's share price. Buy in the new year after the tax-loss selling season, he concludes.

© 2024 Canjex Publishing Ltd. All rights reserved.