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Message: How SLI Longs Sleep Like A Baby #6 - AGM Report

Hubsters:

Thought I'd fill in a few gaps and comments about yesterday. The gang were still thrashing away at 9pm when I left the lounge. Here's what I saw/heard (some in side conversations).

1) Drill Results. Anyone who thinks they are going to happen in little chunks is drinking their own bathwater. The CEO was very clear "...only when a drilll program is finished will we see results..". She sees the drill program in two phases, Shallow and Deep. Shallow is only 50% done and the deep rig is not there. She made it very clear that she wants the result groups (Phase 1 + 2) properly assesed as opposed to hole at a time.

2) Trenching. As reported, samples have not been sent to the lab so that the drill cores could be and we get those results first. Trenching is ongoing on Chance E as we speak.

3) China. Murry and Duncan are going to China for presentations in the next few weeks. The CEO told me "...I don't do China..". During the presentation Google Analytics were displayed showing hits to our website. China was number 2 source after Canada.

4) AMEX. CEO made it very clear in a sidebar conversation with Stewie and I that getting the listing was very important and very high on her priorities.

5) Peru Activity. We were told the country is going crazy with mining activity and there are line ups for all services. You can see the CEO frustration having to answer the '...don't you think 2 drill rigs would be twice as fast ..." Duh. The only rigs available are unreliable as all the good companies are jammed.

6) Newmont. Murry told me that Newmont has a release out stating they will JV with China on any deposit too big to do on their own.

7) Barrick. I was also told that the property next door to Old Tesoro that years ago was labeled 'Barrick' on our maps was sold to 'the Chinese'. I assume that means Junefields.

If more comes up from the memory banks I'll pass it along. Just want to let you guys know that I had a fine sleep knowing that we are moving to our ultimate goal.

Nice to meet everyone.

Rawkstar

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