The properties are being kept up by John Brophy and Marcel in Peru, for the shareholders for if there comes a time when the shareholders are ready to talk and trust with them. They had choices of letting the properties lapse, but the risk of letting these properties lapse, could have resulted in neither the sli investors, nor Johns/Marcels interests ever being protected, and subsequently, loss of the entire properties.
John Brophy contacted me personally a few years ago to see if investors could come up with the money to keep the properties in good standing, UNTIL, the mess was cleaned up with Lori and associates.
Several years ago, I initiated communications with John to prepare for upcoming events, as a safe card, or ace in the pocket. Unfortunately to date, this method of endorsing and securing the Peruvian properties, has not been utilized.
Under Peruvian law, to some current degree, informales may take and not report, gold ore from properties, and many agreements remain in place that their rights are recognized in doing such. Having said this, 1 informale could remove over 20 tons of ore per month from a property having a grade of ~ 5 ounces gold per ton, which would make any vigencias look like just an expense. To be blunt, because of this, $50,000 USD per year, is nothing.
