mr3t wrote "looking for a new gold share, preferably with low cash costs, producing, decent gold reserves, honest management, underated by market. please let me know if you own or have any on the radar."
Integra (igr) ticks all your boxes. just went to a presentation by Chris Cairns (MD) last week as part of resources round-up conf in sydney. the presentation is on asx website dated 12 may. Look at slides 45 and 46 which graphically compare 15 asx listed goldies re EV, forecast profits, annual production and production costs. the two charts tell a compelling story re igr which is currently trading.
igr has a current mkt cap of $340M and has an annualised forecast operating profit of $90M.
igr is not the most speculative goldie on the asx but it is arguably the safest and currently the most under-valued of the mid tiers. currently trading at 40c, a true bargain imo but dyor ....
k
GDO Price at posting:
51.5¢ Sentiment: LT Buy Disclosure: Held