Integra Resources has listed in the NYSE, completed a 2.5 for 1 roll back and raised USD$23M since we last spoke in mid February 2020. The PEA from last year showed some good numbers so we were keen to see how things are progressing as they are due to deliver the PFS by the end of 2021.
The answers the market want are around how Integra scales this project and enhancing Silver recovery rates. Salamis gives us clarity on the strategy as to how they plan to develop Florida Mountain asset (which not many retail investors may yet understand) the drilling up dates, discusses the new institutional share registry and how they plan to monetise the project. Integra is still waiting for a permit and there is some general market malaise currently because of the fall in gold price and uncertainty around the US election results, but we suspect the new year will see renewed interest in this aggressive and considerate management team.
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