: Of $5.25 m the sum of $1.25 m has been realised as 9.3 m SFEG shares leaving $4 m by way of con note.
: Of the $1.25 m realised in shares the current value is approx. $400 k realising a significant loss.
: The $4 m left in con note has no security in company that has NO funds.
If one was to value it on the basis for shares you could only give it a nominal value if anything given the SFEG situation not its real cash value.
Three Assets ?
Africa project a 2% royalty - nominal value at best (blue sky).
Plumbridge a 40% JV with only 1 x priority Ni target, the gold hasn't been able to be strung together to form an economic deposit.
Latin Gold = only asset of value but IGS owns 93% of 33% of the JV gold profits. This is the only IGS project that something could be done with it to realise SH value.
IGS Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
