[open] Integra Resources - Production Cashflow to fund Development & drive share price Up

Purchase of Florida Canyon production will drive Delamar and Nevada North development projects as Integra becomes a solid mid-tier producer

Recently, Resourceful Insights introduced coverage of another cohort of miners — those “Buying Cash flow to Grow” with performance versus gold shown in the following chart. Several of the names — Andean, Orla, Heliostar, Discovery had a very strong 12-months.

Although Integra’s share price performance versus gold was less robust that the others in the ‘Buy cash flow to Grow’ cohort — Resourceful Insights thinks a closer look is warranted.

Viewed in isolation Integra Resources (ITRG on NYSE) did handily out appreciate the price of gold over the last 12 months as the chart below portrays, just less than the others in it’s cohort. Currently Integra’s price chart is again approaching its 52 week high and possibly ready for a move beyond as Integra’s promise becomes better understood.

Multiple aspects will drive improvement in the outlook for Integra’s share price, as will be developed below

1. Near-term positive catalysts

2. Potential for share price rise

3. Fortuitous Acquisition - Florida Canyon Mine

4. Large Development Opportunity — DeLamar

5. Building a 20+ Year Mining Platform in Great Basin

Each of these aspects will be detailed below