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Integra Resources Corp V.ITR

Alternate Symbol(s):  ITRG | V.ITR.WT

Integra Resources Corp. is a precious metals producer in the Great Basin of the Western United States. Its principal operating asset is the Florida Canyon Mine, located in Nevada. In addition, it is engaged in advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. The Florida Canyon Mine is located about 125 miles east of Reno Nevada, and immediately south of Interstate 80. The mine produces gold by conventional hard rock open pit mining with processing by two-stage crushing and Run of Mine (ROM) heap leaching. The DeLamar Project is a gold and silver mining development project located in Owyhee County in southwest Idaho. The Nevada North Project includes the Wildcat and Mountain View deposits in northwestern Nevada. The Wildcat Deposit is a resource stage gold-silver deposit. The Mountain View Deposit is located within the Deephole mining district in Nevada.


TSXV:ITR - Post by User

Post by bio1275on Sep 14, 2021 6:23pm
128 Views
Post# 33859302

Financing

FinancingGreat opportunity for me to add. I increased my position more than the dilution.

The bought deal was reasonable both in terms of timing (last year they raised around the same time) and the discount was not someting terrible if you consider the sendiment. Don't make the mistake to compare deals with warrants attached. 

Smart decision for the manegemnt to take some risk off the table. 

I understand your frustation though. Nobody likes dilution and -7% days but you need to have faith on this team. They have a lot of skin in the game and the team is the best that you can get from a junior. 
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