Hi Folks:

Just got back from the AGM and thought you might like to hear my take on the first AGM I have ever had the pleasure to attend. Thought I might give you my thoughts, but would give you my assessment in different areas,--- namely 1. Meeting Our Fellow Investors, 2.Our Hotel Accomodations, 3.Shareholders Meeting, 4. Presentation Meeting, 5. Overall Assessment.

1. Meeting Our Fellow Investors---I don't know if we (my wife and I) have ever been so impressed as we were by the people we had the pleasure to meet at the AGM. We are fairly well travelled people,--- but this was somehow different, mostly because we previously knew these people through verbage and thoughts, rather than in person. Its an amazing experience to know someone in your mind and finally get to put a face to that mindset. We had such a wonderful time having beers, pinia coladdas, whiskeys, and all the other relaxation innoculants together with people we now call family rather than just good friends. Not nessessarily blood family--- but probably as close as you'll get without finding a long lost cousin. Don't know when I've ever felt so welcome. Thank You Agoracom and St Elias for making that possible. Communication is Essential to Any Good Decision.

2. Our Hotel Accomodations--Great accomodations --second to none---Well, Im going to cut straight to the chase on this one --- After an $800 dollar bar bill on the first evening,-- and a $150 dollar breakfast for four the following morning, --- I decided that they (the hotel) had assumed we already had the GOLD in our pockets --- and adjusted our spending habits accordingly. NUFF SAID.

3. Shareholders Meeting---Even though this meeting is a legal requirement and a nessessity in this day and age --- it was boring as hell. I am of the firm belief that "Your Word Comes From Your Heart--Your Signature only Comes From Your Hand" Too bad we can't act accordingly. This legal requirement just makes lawyers rich(er).

4. Presentation Meeting--- Now we're getting to the "guts" of the whole AGM. I was very impressed by Lori's reasons for not disclosing the "insider details" of the project for fear of repeating the Martha Stewart mistake, as well as fear of putting her shareholders best interests at risk. I believe that as CEO of SLI, she has lived up to the majority of shareholders expectations, and is willing to admitt her shortcomings in communications. I, for one, believe that she is one who will not be intimidated to the point that she will give away our company or its assets to appease anybody--- including a bunch of over anxious investors, (and at times including me.)

5. Overall Assesment---Lori, --when questioned, held her head up high, answered without delay---showing what I call ---"gut truth" ( in other words --"you don't have to think up an excuse-- you just have to say it as it is--- the right way ") The difference between the Truth and a Lie is--- "You have to remember a Lie" The truth just flows naturally.

Soooo, ---the way I see it after all is said and done is---Hang on ---another 2 or three months for a life time of leisure is time well spent. When I asked Lori-- in front of over 100 investors--- if she believed that we were on top of --and drilling to--- prove up " The Big Kahunna"---- her definitive answer was a positive--- "YES".

For those of you that believe---I look forward to welcoming you onto the SS St Elias--and for those of you that choose to relinquish on our family dream---sorry for your lack of faith. Just listen to those "quacking ducks" and I'm sure you'll change your mind.!

Positive as Always

Rinky