RE:50 cents shelby
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Current resources are only drilled down to approximately 600 m whereas the adjacent Lamaque Mine was mined down to a depth of 1,200 m, and the Sigma Mine was mined down to a depth of 2,000 m. Each mine produced in excess of 4.5 million ounces Au over its life. We also have 4-5 plugs together at the Lamaque property in one company !
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Also
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With a projected 12-month market capitalization of $115.6 M and our estimate of 237.6 million fully diluted shares outstanding, we arrive at a value of $0.49 per share. The 237.6 million fully diluted shares is a absurd, this is a ton of weight holding down the share price.
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A number of posters here would complain about a consolidation on a 5:1 bases but this will have to happen. The weight lifted by getting down to 47.52 million shares would give us 10 % gain from the announcement ! We would have a share price greater then $2.50 with a better chance of hitting $10.00 in time !
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M2
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We are initiating coverage on Integra Gold Corp. with a SPECULATIVE BUY recommendation and 12-month target price of $0.50/share.
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For the Board !
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Do your own DD, place a bet or pick something better !