As of today: Pre-Tax IRR of 97%!!!!!let's start with the problems:
- Mine life: as the most important number for any mine project
- CAPEX even after buying Lamaque, still facing 54.3M$
- Ressource: directly linked to issue #1 (Why not new NI 43-101 right away??)
And now, the absolutely
INSANE positives:
- at today's gold price and USD rate: Pre-Tax IRR of 97%
- Cash on Hand: 14M$ (financing PFS should not be an issue)
- Permitting: finalisation phase, should be automatic as no new application mandatory
- BIG resource update coming soon
- Metallurgy: only 91% recovery rate as Sigma had an historical rate of 95%
- In Val d'Or: can't get a safer district with so many highly qualified miners living 5 streets away from a mine.
- The Lamaque estimate are not include. (Very transparant from the management)
- All cash cost 711 USD$
Now, where do we stand:
- IRR: first by far compared to any project (59%, closest is MAG Silver at 41%)
- Mine Life: last tier with only 4.5 Y ----> will more than double in 1-2 months
With previous targets ranging from 0,70 to 0,90$ assuming IRR of 29 to 35%, Integra will break the dollar per share value and skyrocket being the only meaningfull takeover target in a safe juridiction.
- 1.00$/share would simply bring the ratio NAV/Share at a 1.00x wich is the norm for a project that advance.
have fun in the next few days! And enjoy the ride! :)