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Integra Resources Corp ITRG


Primary Symbol: V.ITR Alternate Symbol(s):  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

Comment by metalhead666on Feb 09, 2022 10:40pm
107 Views
Post# 34415170

RE:RE:RE:RE:News out this evening-PFS

RE:RE:RE:RE:News out this evening-PFSI've never ever seen a mining project come in on budget.  All the ESG stuff and ongoing inflation will drive the cost of even phase 1 considerably higher than this PFS states.  There will be significant share dilution going forward if they intend to maintain drilling alongside permitting a full feasibility study etc.  While you can make a case that this is a decent project it's way too far out in the future to be reliable. A bear market, gold slumping under the FEDs boot, all the normal and ongoing risks make this IMHO dead money at best. I wouldn't hold your breath on a takeover anytime soon either...not enough here for a major but perhaps a mid tier would have a look.  The PFS was a mile off my high expectations so I'll have no interest in it going forward. I'd move on if you asked for my advice ...GL to all. Bye
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