St. Elias Mines

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Re: News
about 13 years ago
4
in response to phockeyboy's message

I am rolling this over in my mind at present. If Intigold fulfills its requirements of the option agreement(which could be done easily in a 3-5 months from now) on the Cueva Blanca, that leaves us with 40% interest in that property. That 40% interest could be bought from us from a major.

We own approx 50% of the Vilcoro, Brophy owns the other half. We could sell our 50% in this to another interest.

We own the Tesoro and new surrounding properties 100%. They can be sold to a suitor.

The Vilcoro has the potential to be a world class deposit itself and I cannot give it a value right now in respect to our sp.

We have top knotch lawyers, so I would not be the least surprised to see further transactions, maybe separating the Tesoro property all by itself, ready for sale.

I also beleive when the rest of the market realizes what is actually happening here, that we will start to see more buying from the market.

I find two other things interesting right now too;

1) the letters sent out to shareholders about shorters

2) tonights news was not on the regular news sites I monitor

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sculpin
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Date Joined
08/09/2009
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
Shares
130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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