RE:RE:RE:Take out soon blue, There are many good reasons for ELD to JV with Integra.
Lamaque is still in the exploration / development stage,, it would not be in ELD best interest to take out Integra at this time. (Their share price would take a large hit)
1) At this development stage it would be better for ELD to share the risks and costs in the exploration and development of Lamaque,
2) Integra can take advantage of exploration costs by using Flow-through shares where large mining companies like ELD do not take advantage of this for exploration. (We are seeing this happening now with Integra and ELD)
3) Stephen has been able to put together a motivated team that is best served by a incentive package offered by integra worth a lot more then .70 . In time Integra could be worth more then $2.00 with a JV deal,, all we need to do is take half the risk and pay half the money.
Did anyone know Stephen negotiated a cost sharing agreement with Teck for reclamation costs on the old Lamaque mine ?
It is important to have all these items cleared up before another major will get involved and posting this on SENDAR (A deal is in the works)
SEDAR Annual Information Form
INTEGRA GOLD CORP. Annual Information Form For the year ended
May 31, 2015
Dated January 27, 2016
https://www.stockwatch.com/News/Sedardoc.aspx?docid=3517859
Teck retains the surface rights and existing environmental obligations to the portion of the Lamaque property obtained by Placer Dome Inc. (“Placer Dome”) within the city of Val-d’Or
A cost sharing agreement is in place between Teck and Integra concerning the tailings of the old Lamaque mine. Integra must provide a reclamation plan for the historical tailings and pay for the first $250,000 of costs, with the remainder of costs shared equally with Teck.
Have a look at MPV 49% and De Beers 51 % risk and cost sharing,, only difference, Integra would be the operator at Lamaque !
https://www.mountainprovince.com/files/4214/5278/2168/MPV_Presentation_January_2016.pdf
M2