What scoping study ? Latest ann states 6,000m drilling campaign started and some results for surface geochem (soil/rock chip samples) has been received, nothing about a scoping study !
What IGS SH are waiting for is the feasibility study on the heap leach portion of oxide material "early cash flow 2014" as quoted in Ann - where is this info ??
I understand the 6,000 m drilling campaign will be used to beef up resources for a pre-feasibility study on the sulphide (hard rock) within the project for a possible 50,000 Oz per year project of which Latin Gold will be entitled to 33% of gold less costs/etc. Latin Gold will then need to distribute the gold profits from the project to its SH pursuant to there respective share holding (IGS 93%).
Hence my argument to IPO (Latin Gold) and look after IGS SH in the process.
IGS Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
