It may be a step forward for IGD, but I hesitate to say I am pleased with the tech route IGD is taking at this time. As an SLI investor, I was given the same promise at least twice since last Aug/2011, that exploration work on Chance E was commencing immediately each time a news release came out in reference to Chance E exploration. In the most recent Chance E news release from IGD, it appears they have done very little, haven,t met thier annual obligations under the option agreement and have been issued a reprieve in the form of an extension by SLI.

The whole idea of an option agreement is to get another company to spend their money on our property, and with a reasonable amount of promptness factored into the dynamics. By IGD seemingly neglecting their option obligations on Chance E, extending the first year requirements another 3 months,and spending their raised funds elsewhere, could speak of incompetence on their part.

I can,t ignore the fact of the close relationship between the CEO of SLI and IGD. The SLI investors are very strong, and a helping hand to the last IGD PP was offered by us, but were told that the PP was filled. My Spock eyebrow went straight up when I saw the news release stating that less than 10% of IGD,s last PP had been filled. Maybe had the Chance E been optioned to a non arms length JV partner, the funds needed to advance our Chance E would have been a non issue because their own sources of financing would be utilized, instead of sources already associated with SLI?

I have to give credit where credit is due, and will compliment the IGD team upon their initial swiftness of resampling of the Cueva Blanca (C.B.). The extraordinary feat of sampling that was undertaken with assays back and completed in ~ month shows full competence which may contradict their work on Chance E? For IGD,s small treasury, maybe they took on more properties from us than they could handle? We are expecting a drill program from them on the C.B. and I hope they can soon raise the cash to meet what is expected of them there. TTAGIT may have been a wise investment for IGD, but with a long time horizon, it may pressure IGD,S treasury and prevent IGD from meeting further or existing option agreements with SLI?

Another point to add is that while SLI,s sp was in a dramatic decline causing worry among shareholders, a couple little releases from IGD reporting on Chance E may have gone a long way in adding support to a failing sp of SLI. Although there was a small release recently stating that a couple samples were taken from Chance E, there appears to be no trenching done on the property which could have been undertaken while SLI had the trenching gear a couple km,s away, and while IGD has considerable cash in the treasury to get this done. The aerial photos of Chance E show what appears to be a small epicenter for numerous faults, on its northern border. This is very significant for the Tesorro and Chance E properties, because these faults are conduits for the mineralization/gold found in the area. So, there should have not been any trouble uncovering some veins and consistently sampling them for various strikes.

I will also add, that if IGD had a promo team, where can we see their efforts applyed at raising funds for IGD? I consider promotion being initially comprised of some kind of property results to show prospective investors. The millions of dollars spent on promo/travelling showing up on SLI,s financials seems to have brought little buying to our stock. I,m not sure if IGD,s recent expenditures show a similar pattern or not, but it doesn,t matter, you need something eye catching to promote. As far as I know, the BB,s only cost around $200 per gathering, maybe there was 20 of them last year, that would add up to $4000, a far cry from a million dollars, and the BB,s were accompanied with buying and supporting our companies sp.

I have concerns with IGD having options on several of our properties going forward. I sincerely hope they fill the rest of the ongoing PP and can meet their obligations on our Peruvian properties promptly. A whole year may have been wasted on the C.B. and Chance E? These properties have to be advanced now while we have Beunaventura interested in the C.B and whoever may be interested in the Chance E if a public interest shows up for the Tesoro.

I wish IGD well, not only for that company itself, but for the connection to the SLI investors as well.

IMO