Some future payments

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sculpin

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Some future payments

posted on Feb 04, 2013 07:58AM

A look at the interim financials may suggest the following.

1) Due from IGD $70,000 around Jan 15/2013 and 100,000 shares? for the Beaverdell property.

2) Due from Inform for the South Rim property $15,000 cash and 10,000 shares around April 29/2013

3) Due from IGD for the Cueva Blanca, $100,000 cash around June/2013

4) Due from 88 Capital for Chance F, $150,000 and 250,000 shares around May -July/2013

5) Due from IGD for Chance E , $450,000 plus 100,000 shares? in the next 2 years or so.

So there may be some cash from these agreements in the next several months to add to the kitty. Also the chances of more options on unoptioned properties may create some more cash flow. Plus, there are about 10 million unexercised options with an average price of around $1.50, some of these, a couple million or so around .70-.90. Also the 4 million options that Lori recently issued at around .10 could be worth $40k upon exercise.

The above paragraph may seem insignificant, but any significant wild cards thrown into the picture, could completely turn this company around on a dime.