RE:Casey Research Update 4/19 - TOC - 5 Bagger Looks like it was cut off. Sorry
(ICG.V, ICGQF, C$0.83 on 4/17, 486.5M SO, 517.5M FD, C$403.8M MCap, C$35.0M Cash, www.integragold.com)
BUY (ON STRONG WEAKNESS)—Integra delivered a resource update for the Triangle deposit of its Lamaque gold project in Quebec. The higher-confidence Indicated gold resources doubled at both the 3.0 and 5.0 g/t gold cut-off levels—and at higher average grades as well. The company also announced a 10,000-metre underground drill campaign in the deposit, which should give it better data for the proposed bulk sample that’s on tap. Just yesterday, the company announced more bonanza-grade drill results from Triangle, including 3.4 meters grading 108.39 g/t gold at the C2 structure (bulk sample target). This bodes well for both the bulk sample and the future of this high-margin project.
It’s no surprise then, to see this stock back near its 52-week highs. That’s great for existing shareholders, but of course we counsel patience to those new to the play. Don’t chase these shares, let market volatility be your friend on this one and buy only on (strong) weakness.
T1: Buy on the dips.
T2: Try for C$0.75 or less if in at higher prices.
SB: Try for under C$0.60 or less.
Looks like it was cut off. Sorry.