the share price rose from 15-27.5 so naturally I think the retrace isn't a precursor of bad news but a 50% correction before the stock moves higher... Some holders who don't know this stock are selling giving the graph uncertainty and helping the stock build its base in preparedness of next move.News is due out this week or next at latest. Borthanna drilling is about to start. DAMN exciting times for any who hold. This stock is has an enterprise value about half of its peers and that doesn't even consider the management team, the massive potential in borthanna and a great deal else. 40c by year end with gold at 500. ???? gold at 600. ? MASSIVE if borthanna turns out good dollars im talking. time will tell but 22c is an amazing entry point
IGR - Integra Mining
- Thread starter amohonour
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Sensational anouncement today- A good buying op as it explains what news is coming. Plant bidding was successful. Outstanding drill results and a possible fast tracking of production..Not to mention some significant copper-gold-uranium drilling coming may 8th
The below is posted by an experienced poster on another board, thought anyone interested should read this as it explans some of the things I have been talking about. Explains, in part, my extreme confidence in a share price movement and my enthusiasm in the stock lately!!!!!
The stock is set to move irrespective of a xjo retrace however I hope the market holds strong considering strong global growth. I think it has a couple of years still in it. Monday will be interesting if some sellers are taken out the sp should be set to move hard when anouncements of the plant, fast tracking and drill results hit the market over the next couple of weeks.
Also note down the bottom the significance of borthanna....
" Well I am a taken aback by that qrtly report.
Plant acquired, details to follow, but with the note about looking at options to fast track production, and as ****** stated that there is broken ore at the bottom of Maxwell's pit. They also told us that they are drilling the life out of maxwell's because it is open in all directions, most of the BIF;s ( Banded Ironstone Formations ) in the area are yet to be fully drill tested I wouldn't be surprised if we didn't get another resource upgrade at maxwells and an early start to production.
Drilling is in progress and four metre samples have been received, 1 metre samples are pending. Objective " Resource upgrade and resource extension at depth".
Drilling results out of Spice, Randall Dam ( not heard of that one before ) and King looked good and have a lot of survey work happening at Aldiss too ( French Kiss/Little Peck and Rowes Find ( Potential Copper/gold here previously announced)).
Randall Hill nickel potential also looks interesting.
How about that left field announcement about the uranium mineralisation potential at Aldiss. Now I know a thing or two about Chris Cairns, one is that he would not put this in for the Uranium hype potential that's going around at the moment. They must seriously think there is uranium potential here. I thought that Borthanna had more uranium potential being in the Gawler Craton along the same structural fault as Olympic Dam.
What can we say about Borthanna? Can someone clear somehting up for me. I was told that the consulting Geologist that is working on the Borthanna prospect for IGR was an integral part of the discovery of Olympic Dam and he knows a thing or two about IOCG targets in the Gawler Craton.
Would be interested in getting some feedback on this one.
Gold price kicked again on the weekend to above $USD650, wow that Pre-Feasiblity study must be getting even better. By the time they release it, IGR will be staring down the barrel of a $150m+ operating cash flow after capital items. If you think about that, that 30 cent valuation from MPI Securities is looking mighty conservative. I wouldn't be surprised if we didn't get another updated report from MPI in the next little while with a valuation more likely above 50 cents.
Still can't believe that this stock is sitting in the low 20's.
What a nice way to finish. Borthanna to commence drilling in the week beginning 8th May, that's just over a week away. I remember when they drilled Toondina Dam, it took about 3-5 days drilling to get to basement.
I am interested in why the website states that the "Borthanna target warrants a closer inspection with at least two drill holes penetrating the top of the Gravity Body #1". Also the fact that this prospect/target has a depth to top of 216m and depth extent of over 1500m, why they wouldn't be drilling below 500 metres? Hopefully someone can answer these questiosn or maybe the company does plan on drilling more than one hole having taken so long to get the drilling rig, it would seem reasonable that more than one hole will be drilled in this campaign.
As someone stated on that other chat website, IGR has 100% interest in this target compared to Minotaur's 25-30 % of Prominent Hill. This one could take IGR to the stratisphere.
Looking forward to an exciting June qtr.
"
The stock is set to move irrespective of a xjo retrace however I hope the market holds strong considering strong global growth. I think it has a couple of years still in it. Monday will be interesting if some sellers are taken out the sp should be set to move hard when anouncements of the plant, fast tracking and drill results hit the market over the next couple of weeks.
Also note down the bottom the significance of borthanna....
" Well I am a taken aback by that qrtly report.
Plant acquired, details to follow, but with the note about looking at options to fast track production, and as ****** stated that there is broken ore at the bottom of Maxwell's pit. They also told us that they are drilling the life out of maxwell's because it is open in all directions, most of the BIF;s ( Banded Ironstone Formations ) in the area are yet to be fully drill tested I wouldn't be surprised if we didn't get another resource upgrade at maxwells and an early start to production.
Drilling is in progress and four metre samples have been received, 1 metre samples are pending. Objective " Resource upgrade and resource extension at depth".
Drilling results out of Spice, Randall Dam ( not heard of that one before ) and King looked good and have a lot of survey work happening at Aldiss too ( French Kiss/Little Peck and Rowes Find ( Potential Copper/gold here previously announced)).
Randall Hill nickel potential also looks interesting.
How about that left field announcement about the uranium mineralisation potential at Aldiss. Now I know a thing or two about Chris Cairns, one is that he would not put this in for the Uranium hype potential that's going around at the moment. They must seriously think there is uranium potential here. I thought that Borthanna had more uranium potential being in the Gawler Craton along the same structural fault as Olympic Dam.
What can we say about Borthanna? Can someone clear somehting up for me. I was told that the consulting Geologist that is working on the Borthanna prospect for IGR was an integral part of the discovery of Olympic Dam and he knows a thing or two about IOCG targets in the Gawler Craton.
Would be interested in getting some feedback on this one.
Gold price kicked again on the weekend to above $USD650, wow that Pre-Feasiblity study must be getting even better. By the time they release it, IGR will be staring down the barrel of a $150m+ operating cash flow after capital items. If you think about that, that 30 cent valuation from MPI Securities is looking mighty conservative. I wouldn't be surprised if we didn't get another updated report from MPI in the next little while with a valuation more likely above 50 cents.
Still can't believe that this stock is sitting in the low 20's.
What a nice way to finish. Borthanna to commence drilling in the week beginning 8th May, that's just over a week away. I remember when they drilled Toondina Dam, it took about 3-5 days drilling to get to basement.
I am interested in why the website states that the "Borthanna target warrants a closer inspection with at least two drill holes penetrating the top of the Gravity Body #1". Also the fact that this prospect/target has a depth to top of 216m and depth extent of over 1500m, why they wouldn't be drilling below 500 metres? Hopefully someone can answer these questiosn or maybe the company does plan on drilling more than one hole having taken so long to get the drilling rig, it would seem reasonable that more than one hole will be drilled in this campaign.
As someone stated on that other chat website, IGR has 100% interest in this target compared to Minotaur's 25-30 % of Prominent Hill. This one could take IGR to the stratisphere.
Looking forward to an exciting June qtr.
"
3 veiws of a secret
3 veiws of a secret
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To those patient few believers,check the price movement today ........
further edit as soon as I get the calculator out > dips! Mercy
further edit as soon as I get the calculator out > dips! Mercy
http://www.brr.com.au/index.jsp?month=5&year=2006&day=13&action=2
Very interesting, listen carely at the 14-15 minute mark, where Chris (IGR MD) refers to significant drill results just about to be released to the market. Another interesting thing is how much drilling is going on - definitely worth a read....
IMHO even if POG move down lower. Stocks like IGR that are cashed up and will be producing this year, have sustainable market caps and will certainly move forward
I've bought a bit more sub 20.
Very interesting, listen carely at the 14-15 minute mark, where Chris (IGR MD) refers to significant drill results just about to be released to the market. Another interesting thing is how much drilling is going on - definitely worth a read....
IMHO even if POG move down lower. Stocks like IGR that are cashed up and will be producing this year, have sustainable market caps and will certainly move forward
I've bought a bit more sub 20.
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I had some of this for a while, but sold out - thankfully ahead of the correction. The reason I sold was because I felt that whilst IGR would be producing soon enough, their cash costs are quite high - which obviously exposes them badly to a pog downturn. There are other players like BMO and TRY that are producing and at a lower cash cost, so I've been watching them more.
Given IGR's recent devaluation, maybe I'll have another look at them considering the resource upgrade potential...
Given IGR's recent devaluation, maybe I'll have another look at them considering the resource upgrade potential...
lewstherin said:
Check out some recent evaluations from...
Fat Prophets, May 2006
Hartleys Limited Specialist Equities Research, May 2006
Patersons Securities Limited, May 2006
Found here
Regarding cost per ounce keep in mind Integra was working with higher pog and to recover more gold has quoted a high cash cost relative to others. ALSO keep in mind that the cash cost is in AU$ and not USD$ like some others.
Regardless with the Enterprise value back towards $35, and the production plant theres certainly still plenty of value in this one..Keep in mind the iminent drill results which I expect asap...from at least one location.
R,
Latest ann...
http://integramining.com.au/pdf/20060817RandallsIntercepts.pdf
Good to see the price heading North for a change.
http://integramining.com.au/pdf/20060817RandallsIntercepts.pdf
Good to see the price heading North for a change.
3 veiws of a secret
3 veiws of a secret
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googee said:
Not to mention south again!
IGR - Integra Mining??
Gday,
i have been researching small mining companies in WA and i came across Integra mining.
http://www.integramining.com.au/2006/index.php
I asked for an annual report to be sent out. And they seem to very confident in becoming a producer.
Does anyone know much about them?
there roadshow presentation looks impressive. it peaked at 28 cents and is now around 15.5 cents.... Is this another over reaction to 28 cents earlier or do they actually have something???
they seem to have exposure to nickel, gold, and uranium...
Gday,
i have been researching small mining companies in WA and i came across Integra mining.
http://www.integramining.com.au/2006/index.php
I asked for an annual report to be sent out. And they seem to very confident in becoming a producer.
Does anyone know much about them?
there roadshow presentation looks impressive. it peaked at 28 cents and is now around 15.5 cents.... Is this another over reaction to 28 cents earlier or do they actually have something???
they seem to have exposure to nickel, gold, and uranium...
3 veiws of a secret
3 veiws of a secret
- Joined
- 18 February 2006
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- 0
Ken said:
I bought Integra for my wife ....but reading your statement ,looks like this stock has done loop the loop. Lots of digging and scratching around and no knowledge when the shovels will be delivered for the big dig.
