Waiting With the latest PEA only a snapshot of the project taken 1 year ago, once next month's 43-101 RE is released most all pertinent economic metrics currently outlined inside this PEA can be filed away under outdated.
Then the markets can again take a stab at what these added ounces will bring to the economics and production profile for Integra value.
Although, Integra does plan to revise the Lamaque mining plan by integrating this upcoming updated Triangle RE in Q4 2017 - Mine Plan Optimization: "Integrate updated Triangle resource estimate into a revised mining plan to reduce capital requirements and improve pre-production scenario with a view to optimize capital requirements and to control/minimize dilution and optimize mineral recoveries, including the evaluation of alternative mining methods to lower the proportion of room-and-pillar stope mining".
One of the things noticed inside this PEA was that with the higher throughput and LOM, naturally comes increase costs for underground development (ramping, sub-level development .....) but those mining cost savings from the substantial increase in long-hole stopping were not enough to offset the sizeable increase to the AISC, (from C$731 to C$824), which then effected most all other economic metrics inside this (soon-to-be outdated) PEA, most notably the NPV.
Although the numbers were less robust than I anticipated, the project overall continues to be very robust, outpacing the vast majority of all other Integra peers. And as the resource continues to substainably grow, so will the strength/value of the project.
Until then I'll just be patient well waiting for: RE, LD, GRC, Drill Results, Bulk Sample, Higher Gold Prices, Rerate ...... GLTA
PS - The big leg down is NOT company specific or because of the PEA release, it is throughout the whole sector, of which I share all the frustrations, and of which I suspect the crooks are somewhat behind. The long-term fundamentals are intact, and I think we've been here many times before.