Jason Kosec, President, CEO and Director of Integra Resources Corp. (NYSE: ITRG | TSXV: ITR), recently shared insights with Small Cap Steve at the Rule Symposium in Boca Raton, Florida, focusing on the company’s gold projects in Idaho and Nevada.
Integra holds the distinction of controlling the largest gold and silver resource in the Great Basin not owned by a major mining company. Their portfolio boasts 7.1 million ounces and a net present value approaching $1 billion at $2,000 gold.
Kosec outlined key milestones, including the forthcoming feasibility study for their DeLamar project in Idaho, slated for Q4 2024, with potential production commencing by 2027. He also touched on the company’s recent spinout of a copper porphyry project in Arizona and an exciting drill program underway in Nevada.
Highlighting the potential in Nevada, Kosec said: “Nevada is 1.3 million ounces on five acres…and now we’ve gone from five acres to 400 acres so [there’s] a significant resource expansion coming out of Nevado over the next couple of months and we’ll have the feasibility out in Q4.”
With a current market cap of $90 million, Kosec believes Integra is significantly undervalued and expects the value gap to close as they progress toward production and expand their resource base.
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