IGR 0.00% 50.0¢ integra mining limited

good news starts today, page-9

  1. 3,559 Posts.
    Fantastic news, but they also state that they are in final stages of financing as well.I have bought more yesterday @.23 and then regretted it. But today its a different story
    Watch this stock rise today.
    Angers

    Integra is in the final stages of securing project financing for development of Phase 1 of the Randalls Gold
    Project and current drilling programmes have shifted to delineation of gold mineralisation at depth at the
    three Banded Iron Formation (BIF) hosted gold deposits in the Randalls Gold Project: Maxwells, Santa and
    Cock-Eyed Bob.

    Phase 1 envisages mining of two open pits (Salt Creek and Maxwells) with a production grade of 3.1 g/t
    gold. This will result in initial production of 75,000 ounces per year and Ore Reserves of 320,000 ounces
    (see ASX release 24 July 2009). The ore will be processed through a refurbished facility with an annual
    throughput capacity of 800,000 tonnes per annum to be located adjacent to the Salt Creek open pit.

    The Phase 1 development has an estimated capital cost of A$64 million and provides very strong financial
    returns with an Internal Rate of Return (IRR) of 71%
 
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