Here is what is says in the Sept financials. If I read this correctly, SLI should be able to sue for all damages and this should have been put out in a news release as very material news. It should be a non contest and Hi Ho should be ordered to pay the value to SLI of the property, where there was a resource estimate for this property, there is most certainly a tangible value put on that property because of this. IMO
Under the option agreement, the optionee is solely responsible for the maintenance of the mineral claims,
however, the optionee allowed the claims to lapse
and the Company is currently discussing the issue with
its legal counsel r
egarding this situation.