RE:looks like a duck, talks like a duck , What do you have?Lees, you are absolutely right except that the market for the past two years has not been normal. If you were at the PDAC in 2013, the gold juniors themselves were predicting that 50% of them would not see 2014. It has been b*tching difficult for anyone to be able to get a drill in the ground, let alone finance an operation. Meanwhile the majors have been crushed by market fear and their own incompetence, and are not in acquisition mode. On the other hand, if you travel around the Timmins-Rouyn camp you see quiet but steady Chinese accumulation. The money is there when the tide turns. The winner will be anyone who has over a million PROVEN ounces that can come out of the ground with a C1 cost under $800 and a C3 under $1000. Integra's grade already gets them past these hurdles, meaning that the only thing remaining is total ounces in the mine plan (currently about 500,000) and quality of reserve definition. The situation has not been static for the past two years - the resource quality has been growing in a market that does not care, but it will be different if the resource crosses the million ounce tipping point. Note that the focus is getting drills in the ground, not financing for production. The PEA is just a marketing ploy - they will no go for a feasibility study until all drill results have been incorporated. Barring a complete collapse in the industry, the next year will go well.