Their evaluation is extremely conservative, nevertheless, $5 milllion, which would represent 100% of the Cueva Blanca, is indeed a far cry from the $100,000 that SLI received for the property.

Is it true, that Elementos may be a non arms length transaction, which would have required the shareholders voting approval or disapproval, under the BCBCA? Also, under applicable statute, the full address and executive of Elementos HAD to be disclosed to at least the shareholders to determine if it is non arms length or not. Did anyone receive voting material for this transaction? I consider the transaction void and the Cueva Blanca can easily be returned to the shareholders by a simple court injunction which identifies the transaction as not legit.

Also, there are certain portions of Exchange policy which deal with reviewable transactions and records are kept of the results of the review. So if the Exchange was satisfied that this transaction needed no shareholder approval, I would request the names of the TSX employees and the file, where it is justified and set out that proper procedure was adhered to by the Exchange. If not, another blatant act of negligence and perhaps even more violations BY THE Exchange and the regulators of the Exchange.