What is very interesting is that when Integra came out with the latest announcements about resource size, they valued IGR at 44 cents based on a spot of $AUD880. Gold was over USD$700.
Then the stock got hammered from 28 cents back to 20 odd while the gold price dipped to USD540/AUD720.
Now Gold is back above AUD880, IGR stock is still sitting at 20 cents or below.
How wrong is this?
Never mind. I will think that as soon as the toll treatment at Maxwell's begins, Integra will get a thorough re-rating to gold producer and with gold back above the price used for the 44 cent valuation, it's only a short matter of time.
Then you can put some more drilling results from maxwell's in there, and on top of that we have Borthanna. Wow, if we got some explosive drilling results out of Borthanna. I don't think anyone could even guess where the share price will be.
Not long now.
Regards
GoldenBug
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