I see no value plubridge ! High grade narrow width results with no real interest even when owned 100% ! It's just an ASX company project filer to raise capital and find some thing else. Forget about Africa interests = $0 value.
I really like their Brazil project margins of high grade at mineable widths as such it will be a mine unlike other and produce profit in a country with significantly lower cost structures than Oz. Given the land holding and project history of production I see over time a muti million Oz project here, but the work just isn't being done !
It is amazing the Directors are getting there salaries given the work they are doing ! Its money for jam ! It doesn't cost what mgt is paid to supervise a JV and nothing else whilst in this market responsible directors are reducing there fee's.
IGS with a foot print in Brazil should be looking for other projects in Brazil as well. Look at CDG gold / iron ore projects all in Brazil = no brainer !
IGS just has very poor mgt !
IGS Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
