Integra Resources Corp V.ITR

Alternate Symbol(s): ITRG | V.ITR.WT

Metals & Mining Gold

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.

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Integra Resources Corp > Current weakness / Intrinsic value

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Post by andre171on Jan 21, 2022 12:20pm

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Post# 34343030

Current weakness / Intrinsic value

In my opinion, the current weakness is due to a generally pessimistic market including for precious metals. The PFS delay doesn't help, but I'm not sure that a good NPV (700M?) will cause ITRG's price to rise quickly (unless taken over by a 3rd party). Indeed, based on the fundamentals and the 2019 PEA, ITRG is already significantly undervalued and I am not sure that the PFS will change the market's sentiment towards ITRG! However, I am strengthening a little because in the longer term the price should come closer to the intrinsic value.

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