Sculpin, I have before posted my concerns about the spinn off of Havilah, but had little response on it from this board. This news release affirms my belief that the spinn off is not in the best interest of the SLI shareholders, but will eventually only benefit Lori and some of her friends. Here is how I see this to transpire: For now Lori will use SLI Money to spend on this project and possibly she will announce shortly to do the same on some of the other BC properties. She may commit SLI to the financing and possibly prepay some the activities. Then when the spinn off is completed, SLI is out the money and the properties. The shareholders of SLI will have 1 Havilah share for every 20 SLI shares, and you know how much that is worth. Then Lori will do a PP for Havilah, but takes most or all of the PP for a handful of dollars, practically taking full or at least controlling ownership of all the BC properties. I don't believe that this spinn off of Havilah was ever for the purpose mgmt said it would be, to keep it safe from a sale to or take-over by a major, because there are other ways to exclude parts of an organization from being bought or taken over when the time comes. This was a trick by Lori and most shareholders bought into it. She is now setting things up to get the most out of it, since we approved the spinn off at the last AGM and she can now take advantage of the fact. This is my opinion and I would welcome reading the opinion of other posters on this issue. Maybe I'm just having a hell of an imagination, but some of my theories posted before have not been too far off as it seems now. All just in my opinion. Btw. I spoke with Murry tonight and he seems confident that the PP Lori proposed will not be approved. Real888