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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 deepthinker63on Feb 22, 2022 1:12pm
135 Views
Post# 34450809

Bind

BindBefore June, they're going to have to raise on less than favorable terms.  And, then raise again every six months.  This dilution isn't justified unless they're doing something to significantly enhance the scope or economics of the project.  Spending three years and $50 million on permitting isn't justified at all, unless they plan to build the mine themselves, which obviously they can't and won't. So, either sell the whole thing now, or produce some great drill results/recovery enhancements. 
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