"We finance exploration primarily by issuing shares from our treasury or by negotiating option agreements, under which other companies pay to explore our properties in return for receiving an ownership interest."...taken from sli homepage strategy statement.-----
On the sli website it implies IGD gets 100% interest in our Beaverdell property if they fullfill their agreement which just so happens to be coming up dec 31 2012. So maybe someone can tell me how this benefits sli shareholders? 100 fricken percent? Are you kidding me? Im going to go out on a limb and say that not all that is required from IGD has been fulfilled and Lori will just extend her agreement with herself. Just a guess and my opinion. i could be wrong. BTW is the beaverdell not one of our better BC properties? So according to the quote from the strategy statement on the SLI website they are going to explore our property and in return they get it all and we get a 1.5% net smelter return. oh im so excited. what a deal.. for IGD anyways. Am i missing something here? comments? imo----------
http://steliasmines.com/projects/british-columbia-projects/beaverdell-bc/