IGS's earning 85% of the Winter Garden project with 1,000 ha available at US$550,000/ha cannabidoil production sitting in front of it has the opportunity to grow rapidly into a huge and regular cash flow of over US$550 million PA. Cannabis is not hard to grow.
The Winter Garden owners are technical people keen to run with IGS that is well supported via IGS's recent AUD$500,000 cap raising towards a AUD$325,000 deposit. IGS will then raise another AUD$1m at $0.005. It's very doable due to the huge Winter Garden cash generating potential under its Uruguay License agreement. Winter Garden won't walk away as the parties are accepting the deal and cash transactions.
IGS has a 35% interest in its Ouro Paz gold project in Brazil (in Matto Grosso State close to the Amazon River that provides ideal barge freight). Ouro Paz has 690,000 ounces gold at 2.55 g/t with distant along same structure and strike intersections such as 5.77m at 16.5 g/t outside its resource. The mineral system is a sulphidic and silicified breccia well suited to bulk mining in due course and very responsive to Induced Polarisation surveys that suit disseminated sulphides. The growing value of such a resource places IGS in a good position to iron out any issues with its JV partner and IGS can negotiate a mutually acceptable outcome owing to the value of the exploration results and resources. IGS does not have to rely much on Ouro Paz due to its Winter Garden dealings.
Lot's of ASX companies run into issues at times but few have substantial assets to trade with and at a market cap of only $2m IGS appears to have a considerable upside from current prices.
IGS Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
