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← @iancassel

$IDR

BULLISH2026-03-19
Price around the call
↑ 2026-03-19
By horizon✓ hit+51.9%
1d
✓ +8.3%
5d
✓ +4.7%
21d
✓ +51.9%
Original post
IFCM MicroCap · 2026-03-19

The nice thing about smaller underground mines is they use a lot less diesel fuel than massive open pit mines. We estimate diesel/oil is 2-4% of annual OpEx for mining companies like $IDR and $GG.V at $65 oil so a small impact even with oil doubling to $120. The average price of gold was $3500 for 2025. The current price of gold is $4600 which makes it even more negligible.

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