Producers Diminishing Reserves From Goldcorp's CEO:
“If you look at the top three producers in the world, including Goldcorp, and Barrick and Newmont, collectively and individually over the last five years we’ve seen our reserves decline by about a third. That downward dynamic in gold reserves is not sustainable, and risks making the sector irrelevant to particular investors, so we have to turn that dynamic around as an industry.”
Integra has positioned itself into the sweet spot of only a handful of other multi-million ounce, high-margin companies that can claim to go into production in the very near-term that operates in a safe-jurisdiction.
Which of course makes Integra a highly sought-out takeout target. It would be easier to count those mid-tiers to seniors that have not signed CA's with Integra than those that have. Which is exactly what makes this miner so valuable, and why this management team has expedited itself into growing the resource, and increasing its annual production potential.
It all comes down to maximizing shareholder value ..... Draw-in as many suitors as possible, while growing your asset into a world class operation. The larger the asset, the bigger the bid, the happier the shareholder.
Integra is in a position to call their own shots of when, and of what amount would be a viable offer to accept. Until that time arrives, they continue to advance this asset into production, increasing the project resources, and shareholder value. They are not waiting on being taken-out, not when they can double their current resource over the next 12-18 months.
Our current share price is primarily based on (as M2 has mentioned numerous times) the South Lamaque resources. Further drilling on the North Lamaque targets, along with finalizing the resource model on the #4 plug could realistically add millions of ounces to the current resources.
With producers having to add to their diminishing reserves, but having a limited number of near-term, high margin, production ready prospects to choose from, time is on our side in the continuation of growing this project resources ..... substantially. GLTA