In the resource estimate below, you will see approf 50 million pounds of Moly mentioned, but this is from a few years back, so probably bigger now. Nevertheless, current moly prices are around $11 per pound, putting an in ground value on this of $500 million. On a buy out sceneraio, I believe it safe to say that usually 10% of the value is given at least which still leaves the value at $50 million at that time. Over the years, because of the option agreements, SLI hasn,t received a whole lot, when considering the potential value of this resource. To leave a portion of the Carmi claims to lapse, is very concerning to me. There seemed to be tons of many to travel with, while most of our properties lay dormant. Although she mentioned several exploration projects underway on some of the properties, there never was any releases of sampling, so I am doubting if any actual work is being done. I am still waiting for sample results from the Beaverdell, perhaps it may be 3 years now, and we still havent had them. So, the fact is, where she hasn,t released anything from the Beaverdell, she has been misleading investors at least on one occassion, if not more, on several of the other properties.

IMO

http://www.infomine.com/investment/metal-prices/molybdenum-oxide/

http://www.steliasmines.com/storage/news_releases/Sli-News-2008-16-Carmi_43-101_FINAL.pdf