RE:RE:Camflo Camflow Mill
“On August 19, 1993, Richmont Mines acquired the Camflo Mill from Barrick for $1 and the assumption of any closing costs and environmental liabilities associated with the asset.”
Now I think Integra was ripped off paying $7 million for the Century Mine and Mill. There is a lot of mill capacity around Val d Or, the receiver was probably very happy to unload the mill.
There does not seem to be a huge difference in costs between toll milling and operation your own mill.
When Steve stated, there was a large difference in valuation in becoming a operating mine he must have been talking about turning the Sigma mill into something that would then be worth $100 million. ?
As the mill sits now it is only worth one $,, need to firm up 1.5 million mineable ounces, announce a discovery at Lamaque Deeps, start using the Sigma mill and we may see a $400 million value added to our share price from that $7 million purchase.
This could be the year that Centuries pile of rocks and mill comes through for Integra,, market not giving it much value right now. IMO
M2