RE:RE:The Maven Bought Into IntegraI believe she meant when she first invested integra made good sense, after the site visit she was even more convinced.
She starts out with the line you stated and lists out why it made sense to her then.
Now Integra is taking a turn. I bought into ICG in December because the story at that point made good sense:
- A high-grade and growing resource based around a new discovery on the property (not one of the zones mined into bankruptcy).
- A permitted mill, fully upgraded in the late 1990s, able to process 2,500 tonnes per day (tpd) tomorrow pending a few million dollars in repairs and easily expandable to 5,000 tpd.
- A preliminary economic assessment showing the asset could be developed into a mine producing 105,000 oz. gold annually for a cost of just C$85 million and that mine would generate a 59% after-tax internal rate of return (IRR).
- A series of known gold zones begging for exploration attention.
- The first time the property, historically divided in two, had been combined under one owner and assessed as one entity.
- A dynamic management team that created value during the bear market and positioned Integra as one of very few companies to enter the gold bull market with a permitted asset in a desirable jurisdiction that could be in production in short order for limited capital cost and should generate very strong returns.
Then goes on to explain the history of the mine and finally why she believes even stronger about it now.
...I went to Lamaque to get a feel for a project that I already believed in on paper. I came away with a changed understanding of what the company is working to achieve with its updated PEA – and the new version is a big improvement.
...After seeing the asset firsthand and getting up to speed on what Integra wants to accomplish in the next 12 months and why, I plan to stick around until that bid appears.