RE:RE:RE:RE:RE:RE:RE:OT See everyone here @ $1.00 ! Management is not looking to increase the mill throughput rate to between 4000-5000 tpd, they are in full expectations of doing so.
At 4500 tpd with a mill feed rate of 7 grams per/tonne were talking yearly gold production of around 350K ounces (300K ounces at 6 grams per/tonne)
Proven-up the resource over the next 18 months is priority No.1 for the Integra team!
I expect proven & probable reserves once an FS is out to be in excess of 7 million ounces, that's an LOM of 20 years at 350K Au per/year
Along with those reserves & production numbers above, adding in Integra's Initial capex of under $100M - An AISC of around US$600 - An NPV of around US$2.5B (post tax) @ US$1200 gold - A post tax IRR in excess of 50% ...... At 500 million shares out, and at today's gold price, an investor in ICG could expect a share price of between US$4-5 dollars per/share once an FS is out, and with those numbers.
Again management fully understands what they have in the enormous potential that the Lamaque resource presents, and have now readied themselves to prove-out what they believe, and the drill bit will verify, that is, a future resource that will be multipules of what it is now, resulting in low cost, long lived, world class gold project. GLTA