St. Elias Mines

Hi moneybags, I beleive you are looking at it the wrong way.

60% of nothing, is nothing. So, if someone bought out SLI very shortly, you as a shareholder would not get any benefit from that property because nothing is proved on it.

This way here, you still own 40% of it and could get back the whole 100% in time, plus some of it proven up. This should be considered as putting it in safe keeping, so its true value cannot be stole from us.

Business transactions can become complicated at times, and I can see that Lori has her hands full at the moment. She has her shareholders in mind, it is her DUTY to us. For obvious reasons she cannot explain every action she takes if its connected to a much larger scheme, we just have to trust her.

IMO, its better that its optioned to IGD, at least we still hold control over 100% in reality. If another company got it, we may had to give up 60% in the future.