RE:Great Fundamentals, Great Location, infrastructure/deposit Here is URL for Mining Journal article https://miningmarketwatch.net/icg.htm I meant to link it in my last post, lots of good info for those not up to speed. Makes a good case for going long, the valuation is very attractive...
Established intrinsic value:
1) Current resource at Integra's Lamaque Project is 756,280 ounces Gold Indicated (3,325,300 Tonnes @ 7.1 g/t) and 293,710 ounces Gold Inferred (851,400 Tonnes @ 10.8 g/t). This will increase considerably near-term -- see value drivers.
2) Integra is funded to meet current program goals and obligations; ~C$4.5 million cash in bank (as of April 2014).
3) ~C$10 million additional intrinsic value via >C$30 million loss carry forward asset accrued from efforts to date.
Value drivers:
1) Updated resource estimate expected in Q3; current resource was based off ~105,000 m of drilling, however ICG.V has completed over 55,000 m more (>50% more) that has not yet been incorporated into a new resource.
2) Continued quality intercepts; Integra currently has 5 drill rigs on Lamaque. ~35 drill hole assay results (out of 58) still forthcoming from Triangle Zone -- very high-grade to date; e.g. (April 22, 2014) 38.2 g/t Gold over 7 m including 241.0 g/t Gold over 1 meter, & (March 25, 2014) 23.02 g/t Gold over 5 m & 31.24 g/t Gold over 3 m.
3) Feasibility will build on PEA production metrics; PEA shows >110,000 oz Gold production per annum at all-in sustaining cost of CAD$805/oz and peak annual production of 143,300 Gold oz -- large enough to pique the interest of larger miners. Economics of project work even at US$1,000 gold.
4) Highly prospective for new high-grade discovery.
5) Experienced management & skilled technical leadership.
6) Located in infrastructure-rich Val-d'Or, mining-friendly Quebec, with several feed-hungry gold mills with excess capacity within 15 km.