LOL Mimi, good one.

Here is my positive side. If Lori is spending money on another venture which is not guaranteed, instead of spending money on Chance E or the CB, maybe she won,t have to spend anymore money on the Peru options? IGD also has our/Havilahs Beaverdell, and a couple other BC properties, I believe. IGD owes SLI $200K to fulfill there option agreement on Chance E by Aug 31/12. They are currently doing work on CB in preparation for drilling soon, which would cost approx $500 k - 1 million. Their burn rate is approx $50k per month. If you look at these expenditures , that would equal to ~ 1.5 million in 6 months. IGD has approx $1.7 million in the treasury right now. That would leave her running IGD very thin, especially in a bad market, where every company will have problems raising cash.

So, either she thinks TAG is gonna be huge, or she thinks one of the properties will help when it comes time for funding. If she runs out of cash, she may not be able to fulfill the option agreement expenditures on SLI,s 2 Peruvian properties, in that case, the properties could revert back to SLI 100%. Round, round she goes, where she stops, nobody knows.

IMO