I beleive this NR has to be perceived for what it really is saying, and go beyond the face value of it. A lot here was expecting spinoffs for awhile, we discussed this months back. It is one of the integral parts to the sale of the Tesoro. Why the company didn,t totally separate the Tesoro from the rest of the pack, leaves me with questions on what route Lori intends to take.

Don,t forget we have a Peruvian Subsidiary company, Santa Elisa. I wouldn,t be surprised to see this company used for something in the near future. There are just so many optional paths out there that Lori can take, its hard to think what she may do next.

The amount of cash we have on hand, and what could come in on exercised options/warrants on good drill results, could put this company cashed up to over $20 million. What does she want all this cash for? $8-10mil would put about 90 holes at least on the Tesoro and if we have to keep drilling, that would take us well into Dec. I suspect a $3-4 million drill plan will be announced for the Vilcoro.

IMO, if the right guys in the stock market see this NR and understand it for what its worth, institutes may start to take up small positions. Lori warned the shorts!