I'm of the understanding that our Peruvian subsiduary, Minera Santa Elisa, is not a publicly trading company and is classified as a private company. A fellow shareholder called our CFO a while back and asked how we could obtain the financials for Santa Elisa and he was told that information is not accessible to the public because it is a private company.

So this leaves me with lots of questions: how much money is in this company, does St. Elias pay for costs incurred and the money is put into Santa Elisa, don't these profits have to show somewhere in the SLI financials, could all the properties be sold under Santa Elisa?

Interesting find on Bloomberg Businessweek:

Recent Private Companies Transactions

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=243197028