When I saw that the Management Team at IGD was basically the same driving force as SLI, I took a small position in IGD as well, thinking that if the optionees of our other properties were not proceeding with their exploration as planned, that SLI would get the properties back and reassign them, so to speak, to a more friendly environment. So I was really not surprised with the current action.

The only gripe, if you want to call it that, is the appearance of the way we are heading is that if Tesoro is sold, SLI may retain a substantial part of the cash received for "future exploration" and our dream of SS St Elias will become a dory.

Ismore