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Message: Re: Real Expectations
3
May 08, 2011 03:28PM
7
May 08, 2011 08:12PM

Welcome to the board Bling!

IMO,

Frankly, at the moment, I am kinda disappointed at our sp. I had expected it to be around $3 by now. Many others expected the same, but the reality is, it didn,t get there. There are probably numerous reasons for this that we can,t control. And to be honest, no one can really tell you when we will be $3, we can only offer our guesses. I still expect our sp to keep creeping up there IF management executes an agressive plan going forward. If management just fools around and doesn,t be proactive, then our sp will most likely trade range bound, between $2 and $2.50, until a couple weeks before the expected first assay date. At this stage in the game, our sp is going to be mostly determined by how fast management acts.

We have the EIS in hand, the drill permit could have been bought only hours after that official approval by one of our team currently in Peru. I had expected the permit as being in position by last Thusday and would assume this will be announced along with Bradley proceeding to the site. I expect this announcement at anytime, and beleive its important to our sp AND us to have a public news release specifying this.

To answer your question what to expect in the future, I can only give you my opinion, as with anyone else. Our sp SHOULD be many multiples from here if everything plays out right. I beleive this boards members has shown that we should expect great drill results. Some of us here beleive that the whole property has a good chance of holding over 100 mil ounces of gold, me included. But the best way to think of this, is having at least enough ounces to warrant a $10 sp. I am guessing, with a little research, that 10 million ounces estimated , with proven and probable ,would support that sp. Some would say, it could take years to prove up that much, which is very true in most cases. I don,t beleive we are one of those cases. It would appear we may be in a league of our own and one deep drill hole may set us apart from this norm.

The companies plan has always been of late to prove up the Tesoro to a certain degree and sell. IMO, the earliest offer we may see would come in Sept this year. Depending on managements agression at drilling and assay results, we may not see an offer until next year. But, as long as we keep drilling steadily and keep getting good results, the sp should continue to climb. Remember, BOW has shown us, that it only takes a grade of 1 g/t in that deep hole (1300m) to put us in the history books. If we get that hole by this fall, this sp is gonna soar on that one hole. It will be fast and furious. Remember also that 0.5 g/t gold in that hole still puts us in the history books and can easily warrant a $10 sp.

IMO, as much stock as possible should be accumulated at these levels with someone that can wait til Sept. We should most certainly be higher than we are today, and if that first deep drill hole is a monster, well, money well spent. I haven,t seen the big guys buying yet, if they do between now and first assays, this sp is gonna appreciate. IMO, we only need one buyer of 1 million shares to turn this and get us on that upward trend, what day that will be, I wish I knew.

There are a few traders on this stock right now, that is accounting for a little up and down movement. If they own larger long positions in SLI, they would be helping more by keeping the shares in their accounts and out of circulation. The less shares in circulation, the less a manipulator can use against us. When the shorters have to cover, they would have to pay a higher price. The sp might get boring for awhile, but if very few shares were for sale, we may see big sp leaps on good news. I know there are always gonna be traders, but maybe in SLI,s case it would be better to not trade ,just hold.

Bling, this last paragraph was not directed at you, it is meant to be a general statement overall.

All of this post is only my opinion and the way I see things. It doesnt mean its right or wrong and is open to different view points.

3
May 09, 2011 03:21PM
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