Int'l Speculator says buy Integra Gold ! Int'l Speculator says buy Integra Gold
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500 K in 7 years,,, now they tell me ???
2014-10-15 18:32 ET - In the News
The International Speculator, in its Oct. 6, 2014, issue, says buy Integra Gold Corp. at 24 cents. This is the newsletter's first buy of the stock. The writer notes Integra is a Quebec gold play in an area that has been host to over 45 million ounces of production. He figures the company has everything going for it at its Lamaque gold project in Val d'Or, except a multimillion-ounce resource at high grades, and it will be some time before the company can make the case for such size with drill results. The main reason for buying Integra is that Lamaque has a very short path to high-margin production, making this stock a "terrific bargain," he says. The writer makes clear Integra's Lamaque project is not the same as the bankrupt Sigma-Lamaque project next door. There was no connection, he says, until a few of weeks ago when Integra bought Sigma-Lamaque out of bankruptcy. Integra's management is a "completely different group of people," he says. The idea is to use the existing, permitted Sigma-Lamaque mill to process Integra's own, higher-grade gold, which also happens to be near the surface. Integra does not want to resurrect the bankrupt Sigma-Lamaque mine, he says, adding it will not take much capital to build a mine at Lamaque.
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