lionel diggings, page-2

IIG is an investment company which is acquiring principally gold mining leases which have the potential for high grade eg 5 gr/ton. They target older workings/tenements which previously have shown high grade actual or potential eg Lionels Diggings. They then drill to prove up for ideally open pitable production. Lionels is the first and the company is actively looking for more. In the current environment, there are many smaller high grade potential mining and exploration leases available for which current owners cannot do anything with largely due to the fact that they cannot raise capital or get an IPO away. I was at the Diggers and Dealers last week in Kalgoorlie and there is lots for sale currently and around the corner trust me. So IIG is actively looking for high grade bargains to drop. This takes time and the day traders have short attention spans. The guys that run IIG are experienced finance guys who are well connected in gold mining circles. What do you think a large miner does with what to him is a marginal asset eg less than 100,000 oz, many times they dispose of them cause its below their radar screen or threshold...