IGR
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0.00% 50.0¢ integra mining limited

Well,14Mt dirt @ 2.6 OuncesGold $820 OunceCost14 Mt @ $20 (cost...

  1. Herebus
    713 Posts.
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    15/03/07
    18:23
    Post #: 2273279
    Well,

    14Mt dirt @ 2.6 Ounces
    Gold $820 Ounce

    Cost
    14 Mt @ $20 (cost of extraction) = $280M
    Debt $40M (mill start up)
    =$320M

    Gold is ~$820 x 1.2M Ounces = $984M
    *no interest on $40M loan
    984 - 320 = NPV $664M
    $664M / 300M Shares (options plus heads) = $2.20 a share value.

    Correct me if I am wrong please!...this sh1ts on BTV!

    IGR Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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