Ann: Macy Scoping Study Update, page-166

I suspect exploration will be funded by the cash flow from the mining activity. SL1 is still an exploration company, but a better off than other exploration companies because of potential cash flow from a limited life mine which will expand it life if find more resources. And I suspect the cash flow from operations will be directed to exploration and proving up reserves, if discovered, to extend mine life. Said I wouldn't post here, but have decided that I should buy some options (a small investment only). Some similarities in strategies I think to the other company I hold in this space, on the assumption the cash flow will be used to fund exploration which I suspect it will. All IMO IMO IMO