Hey Folks:

Well its been some time since I last posted, and I'm sure many of you feel disapointed in the share price, as I do as well. I have said it before and I will say it again---- you haven't lost a cent until you sell. And--- until drill and sample results come in---it would be foolish to sell.

I am not defending anyone or anything here--- just trying to point out the fact that what you and I invested our money in at $2.50 plus ----has not changed. The only thing that has changed is the share price. That does'nt mean you have lost--- unless you sold your shares.

I'm not as good with figures as Bow, however, it would seem to me that an active stock should trade quite a bit more volume than SLI trades in a day to establish a firm share value. When SLI trades 60,000 shares or so a day, thats nothing.

When the total volume of outstanding shares is 130,000,000 and my math says that 1% of that volume would equal 1,300,000 shares. So---- 60,000 trades in a day is far less than 1%. I remember back five or six years ago when we would trade 4 to 5 million shares per day, and we were only had 54,000,000 shares outstanding. Thats closer to 10% of the total volume.

It would seem to me that is what we should all be looking at if we are going to establish share value based on daily trade volume. Just a thought.! Maybe I am all wet --- but its my thought, my story ---and I'm stickin to it, long til the end.

Now, I have to get back to my day job, and sure hope to see a lot of you at the River Cree event. Keep the faith cuz the ore body hasn't really changed. Quack Quack Quack, damn ducks still loud as ever. SS St Elias shined up and ready to sail.

Rinky