having said that, the following extract from the MPS research suggests that results will be released from French Kiss (wont hold my breath though). By the way how often do you find a small junior with a 'strong buy' tag on it...usually its a spec buy, or l/t buy...(this is the only stock in the report with a STR BUY). Nice to see the author holding them as well (1 of only 3).
Integra mining Strong Buy
Site visit to IGR’s tenements highlighted the strong potential for the development of a significant gold mining operation near Kalgoorlie. Current resources are standing at 1.1Moz of gold from four main deposits namely Maxwell, French Kiss, Main Zone and Harry’s Hill. The proximity of these deposits improves significantly the logistics and economics of a possible A$25m 5-year 70koz mining operation with the company targeting production by 2007. On the exploration front, IGR has been very active with a 2,000m RC drilling completed at French Kiss and results to be released shortly. The Company has budgeted A$1.75m to be spent on exploration until December 05, aiming to expand its resource base. IGR also plans to test an “Olympic Dam style” target at the Borthanna prospect, located south of Oodnadatta in South Australia.
Capitalised at only A$18m, IGR offers one of the best exposures to gold prices from a highly prospective portfolio of tenements in WA and SA.
IGR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
