Integra Gold (ICG.V) was the ‘talk of the town’ in Toronto earlier this week as not only was the company’s booth at the PDAC buzzing, it also announced the winning team of the Goldrush Challenge. This received a lot of attention, and on Thursday, Chairman George Salamis and Guy Desharnais of SGS Geostat were invited to the BNN studio to discuss the goldrush and the winning submission.
Click to see the BNN Interview
George Salamis seems to be increasingly convinced about the merits of the Lamaque project, as he purchased an additional 150,500 shares at C$0.39 per share earlier this week. Combined with the 50,000 share purchase in February, Salamis has spent almost C$80,000 on buying more stock in the high thirties, and that probably is the best vote of confidence you could ask for. It means that no strategic deal seems to be in the works (as Salamis would otherwise be subject to a blackout-period), but it also indicates he thinks there’s much more value to be unlocked from the property.
The author holds a long position in Integra Gold. Integra also is a sponsor of the website. Please read the disclaimer
