05:52:01 EDT Mon 23 Jun 2025
Enter Symbol
or Name
USA
CA



Inca One Gold Corp
Symbol IO
Shares Issued 67,100,714
Close 2015-02-09 C$ 0.215
Market Cap C$ 14,426,654
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Lundin says buy Inca One Gold

2015-02-09 19:47 ET - In the News

Brien Lundin, in the February, 2015, edition of the Gold Newsletter, says buy Inca One Gold Corp., recently 21 cents. Mr. Lundin said buy in July, 2014, at 17 cents. Assuming a $1,000 investment for the buy, the position is now worth $1,235. Inca has finished installing a second 50-tonne-per-day ball mill at its Chala One plant in Peru, bringing the total capacity to 100 tpd. In January, it signed two additional deals with local gold mines to purchase mill feed for Chala. Combined with the first deal secured in October, 2014, the plant now has 950 tonnes of ore committed for delivery per month, and management plans to continue signing deals until that number hits 1,500 tonnes. Inca has already started test milling operations; between Dec. 3, 2014, and Jan. 7, 2015, it recovered 521 ounces of gold and 557.6 ounces of silver from processing three batches of material totalling 753 tonnes. Mr. Lundin is impressed by Inca's consistent ability to hit its targets and move Chala along. With a few more ore purchase deals he says, it will not be long before the company starts generating substantial cash flow. He sees little to no downside in buying this aggressive and well-managed junior producer.

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