Was just looking at Hi Ho Silvers financials recently filed. Looks like they have almost met their obligations for our Carmi Property and this may be handed over to them. It says here that no agreement has been signed yet, but I would imagine SLI may have to sign off on this if the remainder is met. This from their financials;

C

the Company was granted an option to acquire up to a 100% interest in the Carmi property located in the Greenwood mining division, British Columbia.

Pursuant to the option agreement, as amended, the Company has paid $75,000, issued 500,000 common shares, incurred $1,892,084 in exploration expenditures on the property and acquired a 51% interest in the property.

The October 16, 2008 amending agreement between the Company and the optionor provides that the Company can increase its interest in the Carmi property from 51% to 100% by paying $750,000 ($250,000 paid) and issuing 3,500,000 common shares of the Company within six months of signing a formal agreement. The formal agreement between the parties is currently being amended and has not been signed as of January 31. 2011

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