RE:Rick RuleRedflame wrote: A month or two ago, Rick Rule, who knows all the facts about Integra, said the stock was fairly priced at around $.72 when gold was above $1,700 an ounce. Sure he's excited about the Lamaque Deep, but here's the key, he's excited but waiting to see the drill results. If results are not there, then Rule believes the stock is fairly valued around $.72. But I suppose he's another basher.
You know why they call it the Lamaque Deep? It's deep. Get in your car, find a straight road, set your odometer to 0 and start driving until you hit 2.2 kilometers and you'll get an idea of how really deep that is. Sure other mines are as deep, but those mines mined ore all the way down. Not going to happen here. They would have to hit a monster strike to justify the cost of digging that deep. Can't say it won't happen but not likely IMO.
The PEA is only a few weeks away and IMO mangement and the company preparing the PEA know within a few cents what the NPV will be. News always leaks and the fact that the share price is staying in the low $.70s indicates to me that the PEA will be slightly higher than that but nothing close to $1
I invested here during the last dip based on what Rick Rule said and I'm up 25%. I'll wait and see what the PEA says with the hope it jumps to $.80 and then sell. GLTA
Ok. We got to $0.80. Best of luck with your future investments, Redflame, now that you're out of ICG. You must be pretty happy selling it for 8 cents more than it's worth... ;-)