St. Elias Mines

Everyone is going to form their own opinion on this deal. IMO the question really is "did SLI intend to do it's own drilling on this area prior to selling Tesoro or not" If the answer is no then IMO it is a great deal. SLI retains 40% gets a royalty on all mining activity and fronts none of the cost. I believe the dilemma that people are having is that it is not an arms length transaction. If this property would have been included in any Tesoro sale then by optioning it to IGD we have preserved the potential of the property for SLI. As others have said it would have brought little if anything in an undrilled state.