Reality vs. the PowerPoint Desktop Fantasy: @NeilRingdahl on the #Economics of #OpenPit #Mining & its impact on a Mining Co's success

This is an excellent thread from @NeilRingdahl on the Reality vs. the PowerPoint Desktop Fantasy of Open Pits.

Should Be Mandatory Reading for All #MiningStocks Investors.

Sensible & good strategic & tactical mine #planning are essential for the success of Mining Companies.  


Thread by @NeilRingdahl: 1/23 #Economics of #OpenPit #Mining & its impact on a Mining Co's success. 

Will #Gold #miners struggle to maintain 2019 production levels?

Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, will Gold miners struggle to maintain 2019 production levels, as Wood Mac says? 

Integra Resources' $ITR.v #DeLamar #Gold project in #Idaho gearing up for a potentially very interesting summer and fall $IRRZF

"At $1350 the project has an NPV5 of $357M US with an IRR of 43% and a 2.35 year payback. At $1500, the NPV increases nearly 30% and at $1700 it rises by nearly 70%."

"What could potentially be uncovered and thus the future prospects of the project is where my excitement is focused on today."

Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall.  

EconomicAlpha's High Grade Blog has a great write up on the project and company. 

Integra Resources – A Summer and Fall To Watch

Posted on June 21, 2020 by EconomicAlpha

Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall. On its recent investor deck, Integra states "DeLamar has what it takes to be a mine. The PEA has demonstrated an economically robust, low cost operation." This is certainly valid and a nice determination of where they have been. What could potentially be uncovered and thus the future prospects of the project is where my excitement is focused on today.

Integra last year put out a robust PEA that envisages a project that will produce 124,000 ounces gold equivalent with a LOM AISC of $619 net of silver by-product with a 10 year mine life at a reasonable capital cost of US $161M. A very nice starting point.