I was looking over the IGD financials for any clues to the status of IGD with SLI properties. I have noticed a few things I would have questions about and some things that seem unclear.

1) I see in the IGD financials, as I have seen in SLI,s, a large figure entered for HST in the receivables column. I know this figure can be carried for months, but it just seems to me that it may be a little high considering eligible expenditures? Is there any accountants out there that know if HST is payable on any types of shares sales?

2) I see there is no Travel column in these financials, however I see Travel itemized under the Office/General expense column. I see this column went up to ~ $60k in one year from ~$2k the previous, and it appears that IGD,s office expenses are quite low, compared to SLI,s and considering that they are in the same building and maybe even the same pad? It is explained the increase of that column is due to promotional efforts consisting of travel and entertainment expenses. It didn,t seem she travelled much other years, where the column amounted to around ~$2k before, quite a contrast to SLI,s travel column.

3) There appears to be a "Purchase Agreement" in place for SLI to hand over the Beaverdell Property in full on Jan 15, 2013 if all obligations are met, for the sum of $10. This is very disturbing to me for several reasons.

a) The option agreement seems to be conveniently extended the first time to Dec 31/2012 in the SLI financials, to allow IGD to get this property. Then it shows up in the IGD financials that the period has been extended AGAIN to Jan 31/ 2013. So, IGD has failed twice to meet its obligations under the Agreement, and was allowed to extend the agreement. Without looking further at this time, this contract may have been in breach for a couple years.

b) I see in the IGD Financials that the current value placed on the Beaverdell Property that SLI owned/owns, is ~$ 1.38 million dollars, in comparison to ALL SLI properties being valued at ONLY ~$ 926 thousand dollars, the way they did it in the financials. The 3 Peruvian Properties in the SLI financials are listed as worth $261 thousand, this is including the flag ship property Tesoro.

c) Option agreements are set up for both companies to enjoy an advancement as well as sharing possibly in funds from a sale in the future. The way this agreement is set up is NOT in the best interests of SLI shareholders, with the property seemingly being taken away from shareholders for $10 plus maybe a royalty that is usually only paid years down the road as the property is mined.

d) The way these properties are listed in both companies financials, could make SLI,s financials look poor, and IGD,s much better.

4) I see Lori only gets $15,000 from IGD a year for salary. Thats an awful lot smaller than I stated in a post awhile back, where I graciously gave her getting around $70 k from IGD making her yearly cash from SLI and IGD around $150k. So in fact, her yearly cash from these two companies is only around $90k gross. Where does this lady get all the money to travel with and have a hired limo, as rumour goes?

5) I see in the MD&A that the TTAGIT deal was approved by shareholders BEFORE the AGM. This was brought up before here, by Molson, I believe, and I find it very odd. There is a statement in there that the TSX has allowed it on a date before the actual AGM took place. Why would the TSX approve this before the official AGM date where shareholders needed to vote on it? By the exchange approving it before the appropriate time, they may have neglected the rights of shareholders that may have voted for, to change their minds prior to the cut off date or at the AGM.? Very odd, IMO.

6) I see where Lori advanced the whole $900k to TTagit. By advancing the full amount, and possibly before due time, she may have jeopardized the companies mineral option agreements by not having enough cash to meet the obligations of these agreements. Had these agreements been with companies that were not as close to us as IGD, these agreements may have been cancelled by us due to not meeting option obligations. This severly hampered SLI,s ability to add value to the sp, by IGD not able to advance our properties because of cash shortage. Had another, or more companies, not related to SLI had these properties, the chances of advancement may have been more and also the properties would have fully come back to us upon breach of contract, in good standing. Not these consistent extensions we are seeing with IGD on our properties, that will inevitably see IGD getting them or a huge interest in them, perhaps on the cheap and at our expense. I wonder if this could be considered as extortion in a court of law?

7) I see IGD has to pay us roughly $190k by July 17/2013 for Chance E, or they are in breach. The current financial position of IGD worries me along with what looks like an inability to raise cash, by the recent unfulfilled/unclosed PP, with another on the table. Considering IGD,s past history on the Beaverdell and Cueva Blanca options, I suggest that Lori and BOD recindes the Chance E option agreement now,it was already extended once so that IGD could oblige the agreement.

8) I see 83k of warrants being exercised at .45. I checked a stock price chart, and it seems to me that the sp didn,t reach .45 in that period. If it didn,t, I wonder how these warrants were able to be exercised?

9) I see mention of trenching and ongoing drilling being done on our Beaverdell property in the MD&A, I believe it was.. I was glad to hear this, especially if the Beaverdell comes back to us, but don,t recall a news release saying that IGD were drilling the Beaverdell? And, I am still waiting for results from a sample program that was done approx 3 years ago on that property.

10) With that $900k being paid to TTAGIT, what appears to be maybe ahead of time, could some tech guy explain why all that money would be needed up front? I mean I saw Stockpilez excellent post today, and can,t really understand why TTAGIT would need that much cash for what they have done so far?

Anyways, the BOD approved these finacials I guess, meaning they agree with them and obviously didn,t see anything wrong? I question the BOD approving the actions taken in the couple extensions of option agreements, whereas many of the BOD sit on SLI,s BOD as well. I don,t know about the rest of my fellow SLI shareholders, but I feel as though I am getting robbed of the Beaverdell property for a measly $10. But I guess on the other hand, I was very happy to see SLI get the other~50% of the Vilcoro, (Lori stated as world class potential), for approx $500 dollars.

All of this post is in my opinion only, please do not rely on the accuracy of it, because some info changes over time and a subsequent search may reveal a correction or amendment. For example, how the SLI web site changed recently, where it stated that some gold/silver properties had become copper prospective,lol.