There is no comparison of INIX to FFGO and VIPR. First, this is a division of INIX and not all of our eggs are in this basket. Let's just do a little quick DD on your comparisons.
FFGO
OTC Market Tier: Caveat Emptor, the good ol' skull and cross bones.
A/S: 75,000,000,000 (Ba...ba...billion, as Bernanke would say)
O/S: 74,813,049,643
Revenue: $-0-
Potential gold mining in a politically unstable country. I didn't really see any definitive exploration results, delineation reports, or assays associated with this company. Definitely no NI 43-101 Technical Report. Also looks like the company sold off or is in process of selling of their gold interests.
VIPR
OTC Market Tier: Current Information
A/S: 11,000,000,000
O/S: Unknown but probably higher than 8,000,000,000
Revenue: $-0-
Again, potential gold mining in politically unstable areas. In a press release dated 1/05/2010, they stated,"Target zones for the sampling were previously identified from data received on past work performed. The additional results derived from this program will be used to isolate a possible drilling program along with a possible NI 43-101 report should the results prove positive to warrant such programs." To date, the NI 43-101 technical report has never been mentioned again and has not been provided (at least publicly). Just continual PRs about exploration.
INIX
OTC Market Tier: Limited Information (Looks like they still need the attorney letter to be current)
A/S: 3,000,000,000
O/S: 1,100,257,274
Revenue: $505,860 (2010)
INIX lead off with the NI 43-101 technical report. For those who don't know, these reports take a lot of time, money, and resources to complete. The fact that this report exists means someone is very serious about pulling gold out of the ground. Also, the numbers aren't super-impressive but they are economically viable. IMO, this contributes to the legitimacy of the mine(s). They didn't try to just report anomalous results at 75 gpt or anything like that.
Personally, I would estimate costs of $400 dollars to pull an ounce of gold out of this mine to be conservative. That is still very economically viable.
Did I answer your questions and concerns?
Chakkra
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