The Unicorn of the Industry Impressed with the new Corporate Presentation, and continued to be impressed with the working cohesiveness of the Integra Team.
In itself lays a large part of the basics that allows management to expand their creative ability allowing them to think outside the box, which is one reason why I don't see the Integra Team one day selling the Lamaque Project in whole to one buyer, and riding out separately into the sunset.
As management focuses on their two main objectives, growing the resource as large as possible, and putting it into production, the timing of both these objectives, at least for the South Lamaque property, looks to be around 15 - 18 months out.
As with most investments, timing is everything, with mergers and acquisitions the only solution for miners facing sharp output declines and lacking sizeable in-house development projects, combined that with the scarcity of appealing target companies, shareholders of Integra are indeed sitting in the catbird seat and will see as time continues, more of an over-the-top premium placed on the Lamaque project value by potential suitors.
https://www.reuters.com/article/us-mining-gold-growth-analysis-idUSKBN15W24M
With a permitted mill running at 2400 tpd, first fed from Triangle at 1500 tpd, followed up with No. 4 at 900 tpd, we could see production coming in at around 200,000 ounces per/year, at today's gold price over a 15 years LOM, that's an after tax NPV of around US$1B - C$1.4B.
CEO Stephen de Jong “We are trying to turn this into the unicorn of the industry – that near impossible asset that is inexpensive to build, very economic to operate, and can produce 200,000 to 250,000 oz. a year in Canada, with permits beside the mining city of Val d’Or.”
We are financed through 2017, covering all the drilling, all the underground work. the bulk sampling, the beginnings of mill refurbishment, paying all salaries, and currently underway, an internal FS on Triangle, converting those exploration claims over to mining leases, required prior to commencing production 2018.
I believe in 2017 we could very well see Integra stock be re-rated after the numbers come in after the Q1 PEA & RE, and again rerated after the results come-in on bulk-sampling, sufficiently de-risking the project and propelling it into the development mining phase, and then into production start-up, all within 12 months after bulk sample results.
All this without mentioning any value at all from the multi-million Au resource from the North Lamaque Property. GLTA