Casey Research March 22nd Comments RE Update
Comments: (ICG.V, ICGQF, C$0.78, 485.0M SO, 516.2M FD, C$378.3M MCap, www.integragold.com) This is great news from Integra; the company doubled its higher-confidence Indicated gold resources at both the 3.0 and 5.0 g/t gold cut-off levelsand it did so at higher grades. This is what happens when drilling keeps intersections "of higher grade x thickness than in the current resource estimate as Integra has done repeatedly. The drills are still turning, so we expect this to continue. Also remember thatches update is just for the Triangle deposit. The No. 4 Plug and other zones will see their resource estimates updated as enough drilling is completed to warrant it. Meanwhile, we expect first results from the Lamaze Deep target soon, and look forward to the up-close drilling on tap for the area of the proposed bulk sample. This company is firing on all cylinders, adding value for shareholders as it goes. Thats fine for those long already, but no reason for those still building their positions to chase the stock, of course. Watch for the next big fluctuation in gold prices to create better buying opportunities.