OTCPK:INMNF - Post by User
Comment by
SmokinWillieon Jun 23, 2016 4:41pm
166 Views
Post# 24992661
RE:RE:Caesar's Report on Integra Gold
RE:RE:Caesar's Report on Integra Gold wwadehammer wrote: Using the numbers from the last PEA, I calculate all-in sustaining costs of $700 an ounce. At todays gold price, using a 39% tax rate you get a profit per ounce of $427 an ounce. Assuming 2 million ounces in next PEA that give NPV of $854 million or $1.80 per share. The best part is the mine could be in full production at the start of 2018 so these are not pie-in-sky numbers.
Cormark Securities: Buy rating & $0.85 target price for ICG
According to Cormark Securities:
https://docdro.id/ckYGwFA
JUNE 9, 2016
Integra Gold Corp (ICG-TSXV)
Recommendation: Buy (S)
Target Price: C$0.85
Triangulating Resource Growth
Investment Thesis:
Integra is rapidly advancing its high grade underground (U/G) “New Lamaque” discovery (1.67 MMoz at 9.0 g/t) following its shrewd acquisition of the past producing Sigma Mine & Mill at <10% of replacement value. We like the story for its attractive location (Val-d’Or) in a mining centre and the opportunity to bring on low-cost production by late 2016 with little permitting risk. Eldorado acquired an initial 15% interest in the stock in Q3/15.
There seems to be a lot of variations on the timing of production by Integra. I believe Integra is being ambiguous about the timing so that they have time to prove up more reserves and also wait for a possible increase in the price of gold. Not wanting to be bought out too early or too cheaply.
Patiently waiting for reserves to increase to 6+ M oz, gold to increase to closer to $2,000/oz and Integra being a $1 B company