RE: RE: RE: Meeting With Murray!! Excellent!!!Murray told us alot but there were also questions that came up in our minds after we left the meeting. We were told that the permits were submitted originally according to Peruvian regulations and that their permit got caught in a change over in Peru regarding them switching over to a Canada format for approving permits. They then had to reapply with the new Canada like regulations. He said he expects the permit to come thru any day now. That we have been told since May!!!! Also after doing some research I found that other companies doing gold exploration in Peru are getting local agreements signed with the people affected or close by the drilling site. Once these agreements are signed and agreed upon by the Gold company and the people the permit application is sent in and it takes a matter of 5-7 days for approval. If you do not get local agreements signed then the permits take longer to get approved. This is one question I would like to ask Murray. Anyone feel free to phone him and ask this question and tell us his answer. Also Quantec is indeed close to finishing up the latest surveys and according to Murray they will be out and announced very shortly. I also talked to Quantec and they confirmed that as well. They apparently look amazing and the ovoid extends to the south part of the property right into where Barrick bought the rights to. I guess we will see for sure when they come out. Drill team has been signed and is in the wait for the green to start drilling according to Murray. The company is from Canada. St. Elias is not going to start drilling until they get permits, apparently some companies don't wait aand start drilling before they get the permits approved. They are doing things by the book. When we asked him when the permits were submitted he could not tell us that and said he would have to find out from others in the company. Seems odd he doesn't know. Either the first time they applied or the second? Also we forgot to ask him about the EIS Environmental Impact Study being done and if that was holding up the permits approval. He never mentioned anything about that. Good question to ask him, anyone? The private placement was done and closes on Aug. 25 at a price of $1.60 a share. There was still some other parties interested in getting in on it and that is why it hasn't closed sooner. The deal was a private, non-brokered placement that was oversold. SLI is already cashed up for the next round of drilling. Did I miss anything?
Toonboy