IGR 0.00% 50.0¢ integra mining limited

This BFS is purely for the banks. The real game is running a...

  1. LSM
    1,251 Posts.
    This BFS is purely for the banks.

    The real game is running a profitable mine and then drilling the hell out of the earth around you to find the real deposit that will provide the big returns. CC can’t keep tapping the market for money (way too much dilution). Hence, IGR needs to mine and use internal cash generation for the big exploration campaign.

    Will IGR find something significant in the coming years? I don’t know…but they have a little bit of my money just encase.

    Best of luck

    P.S $32 million EBITDA for the first four years is not too bad (6.4c per share)
 
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Currently unlisted public company.

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