RE:Producers Diminishing ReservesBlue,
Your post says: "Integra is in a position to call their own shots of when, and of what amount would be a viable offer to accept. Until that time arrives, they continue to advance this asset into production, increasing the project resources, and shareholder value.
They are not waiting on being taken-out, not when they can double their current resource over the next 12-18 months.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.icg&postid=25821672#owqj18VX1YPpjDtZ.99"
No problem there. This is the prudent course of action for ICG which has a dual track option: (i) willing to go alone, but (ii) prepared for a TO, if the price is right. Also, de Jong and Salamis would include Plan B in the master plan to be sure that they would have an EXIT. That's what I would refer to as NewCo which would be merged with some other entity to continue with what they do best: Exploration and grow the company on behalf of a major. The new sandbox has to be big enough for the 2 of them.
As the 2 gentlemen proceed with ICG along the current path, in a few short months, after the PEA and the new RE, the company would have enough evidence to show the propective suitors that the "project" has been de-risked on many fronts: initial profitable operation with a potential to double and triple the production given a resource north of 4MozAu for the Lamaque (South) Gold Project... plus the potential find from the DEEP, another 4Moz? noting that the historic resource for Sigma is already ~2.4Moz, Slide 16, Corp. Presentation Feb 2017. So, it should not be that difficult to prove up another 1.6Moz. All they need is some patience to drill/drill... and drill (need money here, would $100M be enough?) the northern portion like Swiss cheese to show the potential of getting another 4Moz before getting swallowed (anything in the range 8-10MozAu would command some respect).
ICG is not sitting idle waiting to be swallowed. It will use every tricks in the playbooks, including using ELD, as a bait, to raise the height of the pile in the middle of the table in this high-staked poker game. We'll see who would blink first.
"Patience, grasshopper", said Mater Po.
GH