Why didn,t Lori tell us in Jan, that we got 100% of the Vilcoro? A million ounces of gold there at an insitu value of $120 per ounce, would have added $.50 per share to the value of SLI. She has stated bluntly in a recent NR the posibilty of the Vilcoro containing several million ounces. Lori,s intentions now are of doing a Titan on the Vilcoro. The Vilcoro has about the same square area that the Tesoro Titan covered, so the cost should be roughly the same, around $600 k (I beleive that was the cost of the Tesoro Titan), if they survey as deep, but I beleive we may get it done cheaper because of the type of system we are dealing with here.

Can anyone think of a good reason why Lori would hold back this SP value, as well as the Tesoro SP value?

With a complete Titan done on the Vilcoro, it should increase its value, preliminary geophysics and sampling are suggesting that the V (Vilcoro) is worthy of it. The Vilcoro is an epithermal system, or at least identified as such for the time being. These type of systems tend to be shallow, less than 600 m deep. So, we will most likely not do the deep imaging here down to 1500m, but rather only do down to the 750m level should suffice.

Once the Titan is completed, this will put the V to a more advanced stage and help limit the proof drilling required to prove this property up. The Quantec Titan must be very reliable, Lori must have enough proof from the Tesoro, or surely she wouldn,t venture that route again if she didn,t. The important thing to keep in mind here is; that some companies without geophysics take years and sometimes 1000,s of holes to prove up a resource. Can you imagine the cost and dilution to shareholders to some of these companies? I beleive the Titan gives us the biggest bang for our buck and Lori beleives it too, to be doing it again.

I am guessing we could be drilling the V in june, if unforseen setbacks don,t happen. If the Titan works as well on the V, it shouldn,t take many holes to prove that property up also. It will most likely be a shorter drill program than the Tesoro, whereas they may not drill as deep. This property could see an offer made on it with little drilling done also, so I would expect Lori to sit on those results until completed as well. I think I see Lori,s strategy now, don,t give the majors the opportunity to make a low ball offer, have as much proof in your hand as you can, and let the majors know nothing, until you are ready to sell. The V is in a more precarious place in regards to getting an offer, its surrounded by big miners now with ongoing mining next door.

If Lori was to release the Tesoro results around Dec 1st, and if they were good enough to prompt an offer, I think that offer could lie on the table for 60 days ( I forget the exact rules, someone correct my timeline, if wrong, or verify, if right, and better yet, elaborate on this concept), If on the 59 th day, a better offer came in , I think, but not sure, that 60 more days could be added on to review the new offer. Anyway, the point I am trying to make here is,

Lori is cashed up and if a hostile bid on the whole company does come in that time frame, she should be able to have enough time to drill both the V and the Tesoro to prove up as much value as she can, as quick as she can. The drill permit is already in place for the V, so this could be drilled tomorrow, if had be and a rig could be found.

Here is an excerpt from a link given below; read very closely the last sentence of the excerpt and think about what Lori is doing in regards to holding back info for as long as she can.

Hostile takeovers

A hostile takeover allows a suitor to take over a target company whose management is unwilling to agree to a merger or takeover. A takeover is considered "hostile" if the target company's board rejects the offer, but the bidder continues to pursue it, or the bidder makes the offer directly after having announced its firm intention to make an offer.

A hostile takeover can be conducted in several ways. A tender offer can be made where the acquiring company makes a public offer at a fixed price above the current market price. Tender offers in the United States are regulated by the Williams Act. An acquiring company can also engage in a proxy fight, whereby it tries to persuade enough shareholders, usually a simple majority, to replace the management with a new one which will approve the takeover. Another method involves quietly purchasing enough stock on the open market, known as a creeping tender offer, to effect a change in management. In all of these ways, management resists the acquisition but it is carried out anyway.

The main consequence of a bid being considered hostile is practical rather than legal. If the board of the target cooperates, the bidder can conduct extensive due diligence into the affairs of the target company, providing the bidder with a comprehensive analysis of the target company's finances. In contrast, a hostile bidder will only have more limited, publicly-available information about the target company available, rendering the bidder vulnerable to hidden risks regarding the target company's finances. An additional problem is that takeovers often require loans provided by banks in order to service the offer, but banks are often less willing to back a hostile bidder because of the relative lack of information about the target available to them.

http://en.wikipedia.org/wiki/Takeover