I read on SN's MD&A filed on Sedar 6/29/07, they're researching new projects. Will be interesting to see what they announce over the following weeks.
Quote from Sedar:
• During the three months ended April 30, 2007 the Company incurred office and miscellaneous expenses of $9,967 as compared to the $4,729 incurred during the three month period ended April 30, 2006. This increase was due to administrative expenses incurred by the Company in setting up a new subsidiary in the current period.
• During the three months ended April 30, 2007 exploration costs increased to $19,152 from $Nil incurred during the three month period ended April 30, 2006 as a result of geological consulting fees paid for identifying potential properties of merit for the Company.