posted on
Feb 12, 2015 10:54AM
Integra delivers in spades, with more than a million Indicated ounces of gold, at a 3-g/t cut-off, over 80%of which are still there at a 5-g/t cut-off, averaging almost 10 g/t gold. The amount of mineralization in thicker sections, likely amenable to bulk underground mining methods suggests a relatively low-cost operation. Having bought the permitted mine next door, of course, reduces permitting and construction costs. We've thought this would make a highly profitable mine from the beginning; our speculation was on the project becoming big enough to matter, and that just happened. We're very pleased, and expect more good news to come.