So, it looks like Yamana took 15 months to do their DD on Extore before making an official offer. Fully diluted, they had 106 million shares out with $27 million in their treasury. These are only indicated and inferred resources of approx 2.4 million ounces gold equivalent with a PEA done. So, these are only estimates, not proven resources, and here you had this stock up to $14 last year. They have a couple other small projects, but top of the head estimate is around $130-140 per ounce equivalent gold in the ground paid for this company. I looked at their geology a bit, and it looks like individual scattered veins(1-5m) making up this deposit with no diseminated gold in the host rock. They have about 30 veins found to date. So, just guessing, they probably have room for another million ounces of gold equivalent on the property at least. They had planned to open pit the veins first then shaft mine later.

In comparison to us, we have diseminated gold in the host rock and country rock at economical grades in some wide areas. Our veins are narrower, but they are closer together and in a mineralised zone of 300m wide approx in the main corridor, which gives us a higher chance for wider bigger open pit/s, if we were to take this route. We have over 50 veins found to date that are mostly known to be mesothermal and will run deep, unlike an epithermal system bottoming out around 300m. We also have silver, as electrum, but SLI has never did any metalurgy on the separation process or have given us any silver grades, that I remember at this time. But the mention of electrum in some of our data, would imply that there is considerable silver mixed in the gold at some test sites. Silver usually accompanies lead, but I see little lead in the samples from the tech report, as well as low silver numbers, so I don,t believe the concentration of silver on the Tesoro is worth mentioning, and that the term electrum may be used only to show a presence of silver.

Really, I don,t know why I took the time to do a little comparison, because really, its different geology and is a poor comparison that way. The main comparison would be the width of their zones, 1-5m, where ours may be many multiples of that, and putting considerably more gold in the same amount of space. I guess the main thing, they get over $4 a share for what we have estimated for gold on the Tesoro without having any geophysics done. And, this is not counting the Vilcoro, a possible world class gold deposit, which would have to contain over 3-4 million ounces gold, and our CB, which if Beunaventura is interested, could be worth .50-80 per share or more depending on drilling and if a copper show pops up on the breccias in the north/north east part of the CB.

IMO

Here is a little more on the Yamana deal.

http://www.vancouversun.com/business/Yamana+snaps+beaten+down+Extorre+Gold+Mines/6802434/story.html