IGR 0.00% 50.0¢ integra mining limited

here it comes, page-12

  1. LSM
    1,251 Posts.
    Tiger,

    you'd expect a conservative figure from the company about possible resource...I was basing my assumptions on a 3.5g/t average, I probably should be using 4.5g/t.

    Each 80m step out could roughly be +50k oz of gold, waiting for results every 80m is nerve racking - I'd personal like to see 150m spaced, a few far ones to the south, and find the boundary 1km away (wouldn't that be nice). To do it on 80m spaced and then infill is sound, makes sense, but slow and creates little possibility of speculating on SC being massive. Although, no deep drilling has been done? Who know what's underneath? We'll find out one day, probably a year or two from now.

    "they probably have at least 225koz and a 5-6yr mine life"

    5-6yr mine life at 40k oz p.a producing at sub $400AUD/oz? Sign me up, I'll bring my own shovel!

    The TH however questionable from some people perspectives was probably the best thing...more need to wake up to SC and just what this company is doing out there - this is Australia, not Asia or Africa, so ounces don't come easy or cheap. But they are for IGR. The last twelve months has seen probably $10M capital raised, more importantly 300k oz found or around $33/oz - very respectful! I didn't even include CooCky Boooby and Maxwell's - now that figure looks really good, under $30 you'd say.

    Now, all this back of the coocky tail napkin stuff from me is very loose, but it paints a good picture of roughly what we are dealing with: a company that is delivering results and a management team vindicated for making some tough decisions. CC has done what he said, all is forgotten, good for him. I decided to stick with IGR through their down time, how sweet the feeling, no where near as sweet as the taste of SC for CC.

    Thanks for the informations

    You little ripper!
 
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