This months Casey International Speculator is highly recommending Integra as a buy.
I am doing my dd.
"So, the project looked good already, but now with the Sigma-Lamaque acquisition, Integra can still avoid spending large amounts on building a mill but earn more profit by milling its own ore. The acquisition also adds substantially to and consolidates Integra’s land position, adds 2.4 million ounces of gold to Integra’s tally (at lower grades, but still they’re there), and should save time and money accessing Integra’s ore by making use of Sigma-Lamaque’s shafts and other existing mine infrastructure. All of this for a mere C$775,000 and C$5.6 million in shares. New feasibility work should tell us just how much more value the acquisition unlocks, but it’s clear that Integra has landed a major coup that makes an already great project even better... as long as the gold is really there.
The current resource was estimated last January. Since then, the company has completed another 24,000 meters of drilling, which explains our expectations of a much larger and upgraded resource estimate, due out this fall. But for the record, here’s what the company can say it has in 43-101-compliant resources on its own ground (at a 5.0 g/t gold cutoff grade), excluding the resources being acquired along with the Sigma- Lamaque property:
•569,410 Indicated ounces averaging 9.8 g/t
•258,850 Inferred ounces averaging 13.9 g/t
800,000+ ounces of high- to very-high-grade gold is no mean thing, but the market has been relatively unresponsive to anything less than a million ounces in recent years and prefers to see clear multimillion- ounce potential. No surprise, then, that Integra is drilling for more, and has already yielded some extraordinary results."