Great analysis Kojasper
And the gold price ain't done nothing yet. By the time IGR is ready to commence production the bottom line for Integra, with easy to mine ounces, and plenty of them, is going to be stupendous.
The danger of course is that if the rate of growth of ounces continues, it will be taken over well before it gets a chance to reach its true potential.
Still, $2 in about 12 months time would be a good result. I am expecting $1 as Red Dale kicks in and as gold continues to surprise on the upside.
Cheers
Nev
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