RE:Tonnage wwadhammer
I have always had a problem with dilution when it comes to Integra,, from 36 million shares to 475 million now.
Back when we had a $30 million cap and drilling the Triangle Zone I asked then, why are we spending money drilling 12 other zones ?
Answer
1) They needed to test more targets to get the scope of Lamaque South property !
2) Then cited, the need for more the one source of mining, multiple zones.
I was asked to look at what happened to AEM’s Goldex Mine when they had to shut down and the Rubicon Minerals Corp mine where the mine plan did not work out as expected.
Integra needs to have more then one mine ready to produce just for insurance in case something goes wrong on start up at one of the mines,,, and yes that takes a lot more time and money. I do know in the long run with having more then one,, two,, or three mining source from one property to feed a mill the market will pay a premium for that luxury !
For now, I do feel Integra is trying to do to much to fast and is taking away some of the benefits from owning shares, just by this share dilution ! IMHO
It will work out in the end !
M2