comes with 2 free advanced gold projects, page-7

IGS is still undervalued even after considering the risks associated with Santa Fe loans. As we all know, creditors are at the top of the queue if a company goes down.

If we just compared IGS to RMX, which is quite well know due to recent high volume trading, it will become quite obvious that IGS is undervalued.

RMX details:

shares on issue: more than 650m
market cap : about 10m

IGS's market cap is less than 2m. Pretty much NO DBET.
Below is a slide from RMX showing the gold grades ...