recent announcements and trading halt

23 November 2007

Very interesting reading about the recent conversations about Trading Halts. Happy to provide my two bobs worth if anyone is interested.

Chris Cairns is overseas in Europe at the moment presenting to fund managers and attending significant international Mining Conferences.

It appears Chris must have had a booth at the "Mines and Money "conference in London on the 20th -22nd Nov .

See attached
http://www.event-space.com/mines/Exhibitor...r=6106&sid=1457

Must have been huge, when you see the list of Exhibitors having a booth.

Probably endorses the need for the Trading Halt when you consider Chris is overseas, very positive market sensitive information arising whilst presenting at public or private forums in Europe.

It could present a potential issue, that if for no other reason than time differences between Australia and where Chris was in Europe , the trading halt ensured all markets were on an equal footing .
Chris Cairns happened to be presenting at the time he was presented with the drilling results.

Absolute rubbish about the "over-expectations "on a Trading Halt. That might be the case if there were too many. We have to remember that this is a grass roots discovery, the best discovery this year and the parameters of how big it is aren't known.

This hole 107 is a step out hole to 600 metres , another line out a further 80 metres has been drilled and assays pending , two further step outs for another 160 metres are plotted on the Release. Salt Creek is getting bigger every week. They have already marked the two further step outs and I am sure these will be drilled soon and the results released before Christmas.

Then of course we have that other significant discovery that has been made Reddale.

Drilling results for Reddale are pending, not to mention that collared hole drilling has commenced and drilling will continue here for the next six months if Salt Creek is anything to go by. Once again the python will swallow chickens and release them progressively over the next 6 months.

People should put the whole story together , not just read into "a single announcement"
Whatever the debate about the Trading Halt, it’s a waste of space, its the unfolding story that all SC and HC posters should focus on.

What other story in Australia has read so well in the last 6 -12 months for discovery and move into production.

To add a little spice, Integra is also presenting at the Mines and Money Conference in Frankfurt on Wed 28th November. Timely that this news should come out as it is creating a lot interest from lots of different circles from stock broking to funds management and now hopefully international investors. We have always known that the Germans are savvy investors and especially that the Canadians are savvy gold company investors.

I have reviewed the last couple of announcements and updated my spreadsheet on the Salt Creek discovery and things are looking great towards the South East as we keep extending the pit length by 80 metres with each lot of results.

By my calculations we have the following results pending:

SKRC118 & 119 on traverse 24960mN – width extension holes along the same traverse as hole SKRC063 that reported 14metres @ 3.94 grams per tonne

SKRC 113 & 114 on traverse 24880mN – width extension holes along the same traverse as hole SKRC090 that reported 62metres @ 2.38 grams per tonne.

SKRC105, 106 & 108 on traverse 24720mN – width extensions holes along the same traverse as Wed’s trading halt in hole 107 that reported 6 metres @ 3.71 grams per tonne and 37metres @ 4.59 grams per tonne.

SKRC109-112 ( 4 holes ) which are 80 metres south east of the latest trading numbers from hole 107.

Then there are the two new step outs. Holes SKRC120-123, 160 metres south east of hole 107 ( the southern most reported intercepts ) and

SKRC124-127 which are 240 metres south east of hole 107 ( the southern most reported intercepts )

That puts the potential pit length with the newest step out ( holes SKRC124-127 ) at 860 metres. WOW.

Plenty of drilling happening and plenty of news to keep all the punters interested in Integra for the next couple of months.

I can’t believe that we are getting all this excitement and we haven’t even seen a single RC drill result out of Reddale. The potential is enormous and I can’t wait for the rest of the market and the overseas investors to wake up to the potential IGR has to offer.

Enough from me, more research and hopefully some more results from IGR in the next couple of weeks, then I can update all the numbers.

Regards

Kojasper