In May of 2012, a company by the name of Laconia Resources did a 'Comparable Transaction Method' on a proposed property acquisition in Peru. They used 15 comparable properties to come up with a fair value, and of these 15 properties they used Intigolds 60% ownership from their option on both the Cueva Blanca and Chance E.

The valuation for the Cueva Blanca was $3,020,384 USD

The valuation for the Chance E was $2,902,301 USD

We sold the Cueva Blanca for $100,00.00???

The valuation is on page 120 of this link:

http://www.laconia.com.au/images/uploads/31_May_2012_Notice_of_meeting_for_acquisition_of_Gold-Silver_project_in_Peru.pdf