The more advanced a project becomes, the more that is paid for an ounce in the ground.

So they we were saying we were speculativly worth $2.70 per share last year with 3,160,000 approx ounces of gold in the ground.

500,000 of this from the Vilcoro, but that has now at least doubled.

160,000 for the Cueva Blanca, more work has been done on this property since, and you may have to count in the option if there was not one in place when he did his calcs, nevertheless, the value has increased there also.

That leaves approx 2.5 million ounces on the Tesoro, BUT we have advanced the project since then, the POG has risen substantially since then, and money is being paid on SPECULATIVE ounces in some recent buy-outs.

I find this part of your post very valuable and it is something that will soon get a lot of attention.

"

Trenching: Another very interesting thing, will be the trenching results. But again, if you play around with some numbers, and just look again at the Zona Central Anomaly, and assume 200M in depth (1500M depth from Quantec minus the 1300M depth of the anomaly), and assume only 0.25g/T (which was the result from the initial very small trench program), this number is not scaled, but just this would give you another 12 Million OZ! WOW! That's almost 5 times more than the Andean & Goldcorp deal of 2.54 Million OZ, just the trenching above the anomaly."

I have seen some companies able to add reserves to their ounces with a grade as low as .17 g/t in the last 6 months or so. This means its economical and can be added in to their reserves. There would be a couple of things that would have to be done to be able to count our .25 g/t in a reserve estimate, a metallurgy and a feasibilty study. These wouldn,t have to be extensively done for the time being, just a quick method to give you an idea of the viabilty of this area.

I beleive the chances are good for having millions of ounces sitting on top of the anomaly, and the scale of it possibly being this much may be a huge bonus.

One of the hardest things I have had to do in the last year or so, was trying not to get so pumped by SLI. I slip up sometimes and put on this board what looks like a pump post, but if we are only using the info given us, it should not be considered a pump, but maybe a conclusion or assumption. What are we left to beleive when you BOW do the math and the rest of us puts everything together, it always comes out to something huge. The chances of us being wrong are very slim, IMO, but lets say we are only one tenth right, thats still huge, IMO.

IMO