I just checked out Stockhouse and saw a discussion between several posters as to why Lori would have renewed the Peruvian leases even if she felt they were of no value. One posters reasoning for her renewing them is:
"If they lose their listing and they have no properties left they will have to do a qualifying transaction to get re-listed."
Just to clarify, according to B.C. Online Titles, St. Elias has several properties that are in good standing up to June of 2016. So the theory of paying for the Peruvian claims just to avoid listing/relisting issues holds no validity.
https://www.mtonline.gov.bc.ca/mtov/sowEventDetail.do?eventID=5122489
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Mineral Titles Online Viewer
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Exploration and Development Work / Expiry Date Change Event Detail |
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Event Number ID |
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5122489 |
Recorded Date |
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2011/nov/07 |
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Work Type |
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Technical Work (T) |
Technical Items |
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Geological (G), Geophysical (P), Geochemical (C), Preparatory Surveys (TS) |
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Work Start Date |
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2011/jun/15 |
Work Stop Date |
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2011/sep/30 |
Total Value of Work |
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$ 136418.00 |
Mine Permit Number |
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Summary of the work value: |
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Title Numbers |
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550299 |
Claim Name/Property |
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Issue Date |
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2007/jan/26 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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285.53 |
Applied Work Value |
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$ 10279.90 |
Submission Fee |
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$ 514.43 |
Title Numbers |
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550300 |
Claim Name/Property |
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Issue Date |
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2007/jan/26 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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856.57 |
Applied Work Value |
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$ 30838.79 |
Submission Fee |
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$ 1543.24 |
Title Numbers |
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550301 |
Claim Name/Property |
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SUMMIT NE |
Issue Date |
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2007/jan/26 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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61.16 |
Applied Work Value |
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$ 2202.07 |
Submission Fee |
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$ 110.20 |
Title Numbers |
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604792 |
Claim Name/Property |
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MARSHALL CREEK |
Issue Date |
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2009/may/21 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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81.56 |
Applied Work Value |
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$ 2469.14 |
Submission Fee |
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$ 146.94 |
Title Numbers |
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606195 |
Claim Name/Property |
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SUMMIT EAST RIDGE |
Issue Date |
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2009/jun/16 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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122.41 |
Applied Work Value |
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$ 3670.90 |
Submission Fee |
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$ 220.54 |
Title Numbers |
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735122 |
Claim Name/Property |
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Issue Date |
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2010/mar/26 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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203.84 |
Applied Work Value |
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$ 5481.35 |
Submission Fee |
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$ 367.25 |
Title Numbers |
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735142 |
Claim Name/Property |
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Issue Date |
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2010/mar/26 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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203.82 |
Applied Work Value |
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$ 5480.69 |
Submission Fee |
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$ 367.21 |
Title Numbers |
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735783 |
Claim Name/Property |
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Issue Date |
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2010/mar/27 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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101.89 |
Applied Work Value |
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$ 2738.62 |
Submission Fee |
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$ 183.56 |
Title Numbers |
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735803 |
Claim Name/Property |
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Issue Date |
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2010/mar/27 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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285.25 |
Applied Work Value |
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$ 7667.25 |
Submission Fee |
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$ 513.92 |
Title Numbers |
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740362 |
Claim Name/Property |
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SUMMIT 24K |
Issue Date |
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2010/apr/04 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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489.44 |
Applied Work Value |
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$ 13112.76 |
Submission Fee |
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$ 881.80 |
Title Numbers |
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748682 |
Claim Name/Property |
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SUMMIT WEST |
Issue Date |
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2010/apr/15 |
Work Performed Index |
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Y |
Old Good To Date |
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2011/dec/15 |
New Good To Date |
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2016/jun/15 |
Numbers of Days Forward |
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1644 |
Area in Ha |
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509.82 |
Applied Work Value |
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$ 13596.95 |
Submission Fee |
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$ 918.51 |
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Financial Summary: |
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Total Applied Work Value: |
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$ 97538.42 |
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PAC name |
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st elias mines |
Debited PAC amount |
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$ 0.00 |
Credited PAC amount |
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$ 38879.58 |
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Total Submission Fees |
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$ 5767.60 |
Total Paid |
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$ 5767.59 |
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