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RL,
Thanks for the NR.
It looks like PRB now has a good spread around the New Beliveau deposit (Bonnefond North, plus 2 new ones). It should have labelled the trends specially the Monique Trend which is running through the Monique and the Island Garrison? East Trend that runs through Boudrias. Dr. Dave seems to on an expansion mode. Just less than 5km away is ICG Sigma 2. This piece along with the spread south of Bonnefond North would complete that part of the puzzle on the east side of Val d'Or (including the eastern part of AZX).
GH
- If we took the average grade of 6.77 ppt a 20,000 tonnes bulk sample would give
20,000 tonnnes x 6.77gpt/31 = 4367 ozAu x $500 profit/oz ~$2M profit.
- RE of C1 and C2 above 300m (from 0 level up to the surface) assuming 100m width (measured into the page):
Caesars, in the link below, has a good diagram of Triangle.
https://www.caesarsreport.com/blog/integra-gold-starts-to-construct-its-exploration-ramp/
By eye-balling, this zone (from surface to 300m depth) has about 5 "cubes" of 100m on each side.
5 x (100 x 100 x 100 x 2.8 x 6.77gpt/31) = 5 x 0.61Moz = ~3MozAu (devided by 2 to be conservative) = 1.5MozAu for C1 and C2 (from surface to 300m depth).
And that is for a width of 100m. A width of 200m would get back the 3MozAu for C1 and C2 from surface to 300m depth.
Moving down another 100m would add 2 more cubes (100m side) from C3, etc...Note, this is only a guess from eye-balling the diagram, but it would show the general trend and magitude of Triangle (and #4 Plug) RE.
GH
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.icg&postid=25713003#kFEYy0r0lCX6mLyG.99 "
Posted on the other side, post here for info.
G would save most of the cash from the sales of its two S America properties and would use a share exchange for any TO or merger. It might want to infuse the NewCo with a whole bunch of cash for further exploration (of the north side and elwhere) for some 15% of NewCo. This is PRB playbook.
GH
-------------------
Excerpt:
- RB Initial coverage: Target 1.00/s (don't have the link to the original report, anyone?)
Just a math exercise while we discuss the SP value.
A 50% premium of this average would give 1.16 x1.5 = 1.74. So, an offer of $2.00 per share, i.e. a 70% premium, (in G shares and a large chunk of cash for NewCo, say around $100M) would win quite a few yes votes. This assumes that G would pull out its PRB playbook and propose a 15% stake in the NewCo.
http://dailyquint.com/2017-01-10-integra-gold-corp-icg-coverage-initiated-at-royal-bank-of-canada/
http://www.integragold.com/i/pdf/Presentation-Jan-2016.pdf
GH
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.icg&postid=25701764#E0ZfEjurbKSk4j4Z.99
Somebody (assumed by this conspiracy theory) is accummulating something like 1%OS today (0.8% on TSX with 5 trades, and another 0.2% on other exchanges...Ref. Stockwatch, Total Volume: 6.436Ms, TSX: 5.420Ms).
With another 1.5% from the FT @1.00/s before X-mas this entity now has ~2.5%OS, noting the PEA is due late January 2017 (some 2 weeks away).
Just speculating.
GH
RL,
Nice results, I changed the title slightly to fit what's written below. Hope that you would not mind.
66.4 gpt x 5.10 m = 338 gpt-m (way above 30 gpt-m which would be considered as ecomically viable rock).
1m3 of this rock would bring in 338 gpt-m x 1m2 x 2.8/31 = 30.5 ozAu. Just one scoop of 1m3 would bring in 30.5 oz x $500/oz (profit, assuming PoG @ Cdn $1500/oz) = $15,000/scoop. Very nice scoop.
GH
In a post on the other side I said: "Anyhow, it looks like the net cash is something like $0.5B in ELD war chest. Would that be good enough for the rest of ICG? Presumably ELD would try a share conversion option first to conserve the cash.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.icg&postid=25682751#jyqxFJiiRomdWdFY.99"
So, if ELD has $500M (assuming in USD = 500 x 1.3 = Cdn $650M) that would be enough to offer a similar amount to ICG just for the deposit at Triangle plus near by satellite deposits. For the sake of argument let's assume that is what ICG calla the Lamaque Gold Project (Lamaque South). After, the the up coming PEA and the updated RE in Q1 2017, the RE would be in the order of 4MozAu. Since ELD has people in the Technical Team of this project, it would already have a good idea of the contents of the PEA and the updated RE. If not, they can crank out the numbers by themselves.
How much would be a fair offer?
- If ELD offered $1/s for each of the 86% of ICG (or ~430Ms) the cash cost would be ~ $430M, or ELD can issue 430Ms/4.5 = 95M ELD shares using 4.5/1 conversion (ELD SP: $4.5/s). Share dilution would be ~12%, which is quite small. That means there is some room for ELD to sweeten the deal a bit more.
- At $1.25/s, the conversion of 3.6/1, i.e. ELD to issue 430M ICG shares/3.6 = 119M ELD shares @ 119/(716 +119) = ~14% dilution.
Just my speculation. What do you say, take the cash and run?
GH