IKN

Win us with honest trifles

Integra Resources (ITR.v) with a strong resource update

Here’s a freebie for you. Be clear that I’m long Integra Resources (ITR.v), have been for a while, I’m modestly up on the position and I’m not selling any at anywhere near these prices so with a nice shouty clear disclosure, the NR out this evening for ITR.v will price the stock up tomorrow (unless gold dumps $30). Here’s the title, click on it to read the whole thing:
This is a strong step along the way of getting the very large DeLamar deposit into gear and this stock price with some momentum. As soon as I saw the NR hit, I shot a mail over to ITR CEO Salamis and asked him for the flavorful comments and here’s what he had to say (very slightly edited):
“Very happy with this…Usually with resource conversion to M&I, ounces
fall off the table, drop out of the model, etc. Not here.
We went up significantly, which is great news. 3.6 M ozs AuEq to 4.4 M
is a big jump, and 90% of that is M&I which makes us all happy. All
that M&I makes the PEA less risky, as well.


“Other things that make us happy: No major drop in grade, maintained a low strip below 2:1.
And…tada!!… 1.5 Mozs AuEq in Ox/trans which we view as fair game for
heap leaching.
And it’s still wide open for expansion. A win. We are happy.”
 
This one’s a buy at these levels, period.

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