Why I'm Super Bullish on Integra Gold
Alright, here's why I really like Integra (TSX-V: ICG), in a nutshell::
*Main asset is the Lamaque gold property in Val d'Or, Québec, Canada, located in the 'Valley of Gold.' Very close to our friends at Alexandria Minerals. GREAT historic location. Great property.
*Very high grade gold results - Existing resources of 6.91 gpt of 518,643 oz Inferred, Total Indicated gpt 6.33 162,962 Indicated* More to come. "As resource compilation continues into the fall, with expected completion in the first quarter of 2013, we will be testing other high-grade targets, including the Number 5 Plug."
*Big Insider ownership and recent insider buying - Check out CanadianInsider.com to see. Management has been buying. *
*Tight share structure - 62.9 million shares oustanding. I believe a Chinese gold firm owns approx. 9 percent of the company.
*Well-funded - recently closed $3.3 million financing.*
***RECENT DRILL RESULTS - Today, actually:
Integra Gold Intersects 20.15 grams per tonne Gold over 5 Meters at No. 6 Vein.
**** MORE TO COME! - "Further results from ongoing drilling at the No. 4 Plug are anticipated in the near future as 18 holes, or approximately 18,000 m, have now been completed. Recent disclosed highlights from drilling at the No. 4 Plug include 945 g/t gold over 1 m and 111 g/t gold over 6 m (refer to press release dated July 19, 2012)."
*With a market cap of 16 million is very modest.
I unfortunately don't have the cash now to purchase shares but I will hopefully be raising some to build a new position. DYODD and good luck!