Bullboard - Stock Discussion Forum Integra Resources Corp ITRG

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

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TSXV:ITR - Post Discussion

Integra Resources Corp > 10% of NPV and 10$ oz.

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Post by andre171 on Jul 06, 2023 10:52am

10% of NPV and 10$ oz.

For Wildcat & Mountain and "simplified" DeLamar, the NPV (Gold at $1700) is $624M. Before the end of 2023, we can probably add more than 100M for Kinross waste. Current capitalization would represent less than 10% of NPV ( when at this stage 30%or 40% would be more normal ) and each ounce would be capitalized at just over $10us, whereas I've just read that the average acquisition cost of nearby projects would be $100 oz.

And that's without taking into account the sulfides, which are far from negligible in view of a previous PEA, but whose exploitation has been postponed in favor of the simplified project requiring less Capex in these difficult financing times.

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