Bow it appears that the financials have been amended after the fact, which I believe they HAVE to be labeled "Amended" or "Revised" with Sedar.

After going back to Hi Ho's financials, it seems that the Carmi had left their possession, and then returned to their possession, which may explain why there was no mention of it in SLI's financial one year, then reappeared the next.

I'm also a bit confused as to why HI HO paid $100,000.00 in July of 2012, then in the same month let some of the tenures lapse because they couldn't afford to pay them. I checked out Sedar to see when/if they let the remaining tenure laspse, and it appears that it was July, 2013 Seems to me a very expensive transaction for nothing.

All terms and conditions of the original option agreement with St. Elias remained in force.

During the year ended July 31, 2012, the Company entered into an option agreement to acquire an additional tenure within the Carmi Property for cash consideration of $100,000 (paid).

As at July 31, 2012, certain of the tenures were due for renewal, and the Company was not in a position to make the renewal due to lack of available funds. Accordingly, approximately 60% of the tenures were forfeited, and the Company wrote down the carrying value of its interest in the Property in the amount of $86,354.

During the year ended July 31, 2013, the Company paid $7,905 for tenure renewals.

During the year ended July 31, 2013, the remaining tenures on the property were forfeited and accordingly, the Company wrote off all of the remaining costs totalling $65,474