Integra Gold ICG.v ICGQF was a great recent find for me. They just acquired for 25M shares a new 2200 tpd mill worth $100M alone, and got a second mine for future production for free. The deal makes this a no brainer coupled with the high grade resource in a top jurisdiction run by very competent mgt. The mill wasnt worth 2 cents to the other companys that were further away so Integra got a steal on a mill 500 yards away and a huge new catalyst.
To save time my Dec 24th notes
MC 38M @ .18
CASH 12m 40k aggressive drill plan
In Quebec mining town of 35k
Aquired 2200TPD Mill w/mine (100 mil replacement)
Current NI43101 725K oz 12GPT (5GPT CUTOFF) indicated, plus inferred.
Resource Update coming Q1-15 to include new mine
Old PEA 100K at 50% IRR pre tax at $1350CaAu. CAPEX $69M, New Mill will reduce CAPEX and increase IRR
Catalyst Updated PEA in January and updated 43-101 in Q2
I expect the shares to respond well.
Also reentered Dr Airs TGZ based on the low valuation for the current low cost production but mostly the near/mid term bump, coming from the new acquisition.
Looking to add EDV for the leverage also GORO, SAS, CSQ EXN are all compelling to me on any dips.
If silver shows signs of getting back near $20, reducing risk, there are a few companies I would leap into. Aurcanas Lenegra comes to mind, as does Golden Minerals deserve a look for the revamp of their entire operation towards low cost production.
Going to follow Silver Bulls refocus to base metals and its zinc resource. Could turn into a sleeper ticket if Zinc goes where its supposed to. Looking back up my post, most names I've mentioned are polymetalic mines with strong base metal content.
Checkmate28
