Here is a link to a longer version. The Tech NI Rept will be available in 45 days with a lot more details.
https://www.integragold.com/news/2017/integra-gold-announces-updated-preliminary-economic-assessment-pre-tax-npv-of-c-602-m-and-irr-of-55-after-tax-npv-of-c-363-m/
Some comments:
- Some investors was not pleased with the PEA and some sold off to move on resulting in some 12% drop in the SP from 0.84 to 0.74. This may present an opportunity to load up the wagon, since 0.74/s is way below the average target ( ~1.29) from several recent analysts reports.
- This PEA was as expected. There is not much of a surprise. It's simply an "official" baseline for various options to be discussed/taken later on. It says: It would be economical (actually quite profitable) to have a mine with a production of ~123,000 oz/yr for over 10 years with a profit ~C$700/oz, and they would have 1.3Moz (@ ~7gpt) to feed the mill @ 1675 tpd. And all the ores from Triangle and #4 Plug are coming up via the 5 x 5m ramp (no production shaft). The underground workins will be deeper than those for the Nov 2015 PEA (617m) to 900m (2017 PEA). This could be the main reason for a higher Capex which could be trimmed down considerably, e.g. by using contract mining.
- Several potential upsides: (i) new RE which is expected to be available within 4 wks, (ii) feed increase from other sources such as Sigma top 400 m; (iii) use of 3 gpt cut-off grade, this will bring in more ore from 3-5gpt and the tension veins from #4 Plug, (iv) additional drilling in 2017 and beyond from Triangle and other areas including GRC targets and Lamaque Deep...Note: The mill can be upgraded to 5000 tpd by spending some $10-15M for a SAG mill.
GH