Something must be seriously wrong with IGS.....MC $2m.
I know it has no cash....But it has:
# 9.3m shares in recapitalized Santa Fe Gold (SFEG) valued at $2m.....SFEG will likely be a multibagger once it restarts production.
# $4m convertible notes in SFEG + $400Ks accrued interest.
# 50m SEG scrip valued at $600Ks.
# 1% Royalties from its tenements at Fraser Range.
# 2% royalties in divested assets in West Africa.
# 33% interest in advanced high grade gold project in Brazil ( 700KOZ)
IGS seems resistant to go higher ,but it is highly unlikely that it will revisit 0.002.
