Integra Gold ICG.V just knocked it out of the park with the new PEA. Tried to warn you after I bought. Link back for more DD, but today's news is all you should need and it doesn't include anything from the new resource just acquired. LOM AISC at $731. Been steadily going up and tomorrow should get a bump as news came out after market. The mill acquisition was transnational.
Pre-tax IRR of 77%, NPV (5%) C$184.3M @ US$1,175 Gold Price
VANCOUVER, BC--(Marketwired - January 13, 2015) -
PEA Highlights
Base case pre-tax IRR of 77% and NPV (5% discount rate) of C$184.3M (after-tax IRR of 59% and NPV of C$113.5M) (1)
Pre-production capital requirements reduced by C$7.3M from C$69.2M to C$61.9M
Pre-production period reduced from 24 months to 18 months as a result of existing infrastructure and permits from the acquisition of the Sigma/Lamaque Mill and Mine Complex and the optimized mine plan for the North Zone
Life of mine ("LOM") cash cost of C$551 per ounce and all-in sustaining costs of C$731 per ounce
Updated Preliminary Economic Assessment (the "PEA") uses the same mineral resource estimate as the previous PEA and does not incorporate drilling completed since April 2013 or any of the Sigma/Lamaque mineral resources obtained in the acquisition noted below
