This story is important from the point of view that the Sigma-Lamaque Mine is a direct comparable with the ensemble of mill zone prospects in the LaRonge Gold Project.

The advantage being that The Jolu Mine is at the beggining of it's mine life, whereas The Lamaque Mine has seen decades of service and has gone through it's third bankruptcy.

While you might laud the fact that Integra bought out the Lamaque project so cheaply, GBN.V shares have absolutely no risk, since the shares could not decline further. They may very well have raised the necessary capital by escrowing four years of production, and the mines start at surface. If fair value in the stock is $3, then the company is theoretically worth a billion, but trading for two cents a share.

http://ceo.ca/2014/09/04/integra-gold-steals-sigma-lamaque-mine-and-mill-for-7-55m-out-of-bankruptcy/

-F6