slr v igr, page-7

Not trying to ramp IGR as l think SLR is a great stock and you will be going much higher but while you are on the topic,


Just got this from Top Stocks......

We view a switch from fellow Mt Monger gold player Silver Lake Resources into Integra as highly attractive for the following reasons:

1. Integra is trading at a far greater discount to valuation.
2. The two companies have similar longer term production forecasts from their Mt Monger operations (Silver Lake does have the potential to establish a second operation within the Murchison region of WA, but that will require further capital expenditure).
3. Integra has a greater resource position, and its resource is not fragmented like Silver Lakes (which is spread across three project areas).
4. Both have similar exploration budgets, and we view the probability of significant resource upgrades at both companies as high (however, Silver Lake is more advanced in this regard having spent considerable $ drilling out underground and open pit extensions to its existing operation at Mt Monger).
5. Integra has a far greater scale of tenement holdings within the Mt Monger region (2200km sq vs. just over 100km sq including tenements under application).
6. Silver Lake has outperformed on the back of strong exploration results and a very strong March quarterly. The March quarterly was a one off even due to mining a particularly high grade zone at Daisy Milano and is not viewed as easily repeatable