I have found a post written by an unknown in 2005 that suggests this poster may have been at an SLI meeting then. I cannot confirm the validity of the content, but perhaps some investors here were in this stock at that time, perhaps even at the meeting, may recall if they heard similar things? If you did, please post and let the rest know, I would like to confirm if this is truth. Thank you.

I do take great interest in this comment from the post; " There were some illegal miners on the property and have since been kicked off, but these guys were taking over $50,000/month off the property with nothing more than picks, shovels and wheel barrels. They would take the rock to the mine just north and get their money."

This is 2005, the POG then was around $500 bucks per ounce. So I guess that would equate to around 100 ounces coming off the property per month then, by crude methods, I should add. In the same scenario, but adding a different POG value to reflect todays price of gold, I believe it would be safe to double the $50,000 figure to $100,000. If we consider some modern mining equipment such as compressors able to run power tools, dynamite and/or fracturing tools, (Rocmec, I believe is the companies name, and they manufacture a great compact tool to take right into the mines for fracturing), you may think that the ounce volume per month could be easily increased. I think of what modern equipment may be able to achieve on the proerty.

Here is the post in its entirety;

Just got back from Edmonton where I was at a conference held by St. Elias. V.SLI

The conference was well attended(way more than was expected!) I met with the president and the rest of the company. We spent the whole day together. All were down to earth people and took the "No B.S." approach! They tell it like it is!

The first property is the one over in Portugal. They think that this could end up being the next Gold Corp find! It has the same type of formation(mesothermal) There was a mine there at one time(family run) and was shut down due to low price of gold and that the company was being run into the ground by the third generation of kids. They have done alot of work to the one area, they ran a Titan 24 survey over it(same as Gold Corps Red Lake survey) It showed that this system goes down at least four times as deep as originally thought. At one time there was a report done stating that there could be over 2.5 million oz's of gold there. That was before all this new surveys were done. It could possibly hold way more than 10 million oz's!!!

There first hole was to reach the first level of veins, which the titan survey had said should be there. That was a success as they hit three different veins. They have completed a wedge off of that hole and it has hit as well. So far the Titan is hitting 100%. This bodes very well and the property had two known occurances some 1 km apart but now they believe that in the middle is a bend and this is possibly where some pooling had occured. More work has to be done on that but so far what they have done is certainly pointing to that being the case. Drilling will continue ofr another 2-3 months at least. If they keep pulling great results the rigs will be going full time. They don't think this property will be in their porfolio for long as a major will want to move quickly on it as it will not take long to get alot of gold proved up.

Their next property is in Peru. This is a grassroots play and will take time but is right dead on line and in between tow producing gold mines that have excellent grades coming out of them. There were some illegal miners on the property and have since been kicked off, but these guys were taking over $50,000/month off the property with nothing more than picks, shovels and wheel barrels. They would take the rock to the mine just north and get their money. They will be doing alot of work to this property this summer.

they also have a couple Moly porperties in BC. They have signed a JV with Hi Ho Silver(private firm turning public shortly) This company is well connected and are going to hit the property hard and want to prove it up ASAP. They are doing this and then going to sell it to a major inthe next couple years. This one should have alot of results coming out of it as there is alot of money going into it. St Elias had alot of calls on this property but said no to all until now as most of the Juniors just wanted to play the "hot metal of the Week", pump their stock and do no real work to the property. Hi Ho Silver has a game plan and could be very benificial to our company. The other Moly property is pretty close and could potentially dwarf this property but is still grassroots.

Will keep people updated as much as possible.