As the possility of Humala raising royalties (if he gets elected) is pondered, one needs to remember that the royalties will be the responsibility of the mining company that buys the Tesoro property, not SLI. No doubt the buyer will factor in the royalties into the buying price, but as I see it ,,,,it won't be a large change in price per share once divided by the total share count, if Tesoro turns out to contain anywhere near the gold that it's thought to contain. My opinion only.