This is one of 3 properties SLI owns in Peru. This excerpt below is taken from a 2002 technical report compiled by John Brophy. I would like you to take note of the last line of the excerpt where it says a value of $60 million dollars on a resource estimate of a very small area and depth of only 90m. Notice the precious metal prices then that was used in the calculation to derive the value. At todays precious metal prices, roughly 5 times higher, that would place a value of approximately $300 million dollars. A buyout scenario under that valuation is around 10% sometimes, so even at that, the property would at least be worth $30 million with SLI trading at about 17 million. So, it is not very hard to see the value in SLI, with the Cueva Blanca property being maybe the least valuable out of the 3 Peruvian properties. Rumours are that Buenaventura has been sniffing around in Peru looking for little deposits of a couple hundred ounces of gold and some by product resources. Anyone of our 3 Peruvian properties has an excellent chance of being the company maker, as well as the chance of all 3 making it. There is immense value that can be unlocked in SLI, with the right people at the helm.

IMO

"The claims were originally staked in 1995-1996 by Inca Pacific S.A., a wholly-
owned Peruvian subsidiary of a Vancouver-based junior exploration company, Inca
Pacific Resources Incorporated. Work done in 1996-1997 was concentrated mainly
on the “Cruz Vein System”, a series of north-northwesterly trending, steep-dipping
gold-bearing quartz veins that can be traced along strike for at least three
kilometers. A total of 91 trenches tested the strike length of the Cruz Vein, and 18
diamond drill holes totaling 1,860 meters tested the southernmost 500 meters of
the system. This work confirmed consistently interesting gold values, typically 1-3
g/t, across widths typically <8.0m. In an internal St. Elias report by Sivertz (1999),
an inferred mineral resource was calculated at 2.3 to 2.8 million tonnes containing
154,000 to 190,000 ounces of gold and 945,000 ounces of silver. These figures
were calculated to a depth of only 90 meters using a cut-off grade of 0.5 g/t gold
and 15.0 g/t silver. At current gold and silver prices (US $315 for gold and US $5
for silver), the precious-metal value of the resource is about $US 60 million."