Self funded exploration The Tesoro neighbors(DNG) of SLI have an interesting/unique business model. They are a great example of what a fiscally conservative management team can accomplish (under promise and over deliver). Removing ourselves from the current Howe street gang is our only choice going forward. Having a budget mandate of say 80% exploration 20% promotion. Proved ounces will be its own promotion.
I don't have any idea how much gold is on the Tesoro, but I do believe Paul Grays confirmation of the high grade veins. With these drifts (A4 and C1) being so close to the Acari mill, there should be some very high profitable ounces available. Would different permits be required to start small scale mining of these veins? Or could SLI use the informales? They have been working the property for years.
Any way you look at it, SLI will be starting over, it may even end up bankrupt. This could possibly limit dillution going forward.
I am new here, I am a realist. I will not act like a child.