$15 million will carry esperanza for a while, but not even through full feasibility, let alone the construction of cerro jumil. at least san luis gives them the flexibility of another financing option. so if they find something economic there, they will be able to build the mine. there's nothing wrong with selling their joint venture interest in san luis. that's the exact same thing sso did by selling manantial espejo to pan american.

it's just a question of which part of esperanza's future they want to give away to raise the funds, but their bean-counters will figure it out. in hindsight, they should have raised some capital when the stock was near $4, but that seems like a long time ago now.