Yes WOX you are correct, that permit was granted to our subsidiary. So, that being the case, we might as well drill the Vilcoro while everything is in place.. I am assuming the permit is good for at least one year, maybe 2. I beleive we still have around 3 million in the treasury with some warrants being exercised to top that up a bit. If a driller can be found, they should be contracted right away, the drillers are getting in short supply in South America. I dont think SLI should let this opportunity slide.

We have 100% ownership again, and if we start proving this up also this year, the Vilcoro can quite possibly add $2 to our sp by the end of the year! This on top of what ever the Tesoro adds, could make for a very profitable year for SLI shareholders.

Personally, I dont want to see them j/v this back out for the simple reason, it will only add minimal to our sp without 100%.

IMO, this could be huge for us if handled the right way.