I am new to this board but invested several months ago after a buddy at work completely sold me on St. Elias. I been involved in numerous other plays for the past 20 years so I am not a novice and know the game.

I am etremely excited about the upside on this play. There was no news, at least absoltely nothing material yet the sp jumped 40% all based on a "rumor" of a blackout! that tells me what this thing will do if a fraction of the posts on this board hold even a drop of water.

I believe this was simply a tactic to test the elasticity of the market. The icebergs were scooped up in a heartbeat which tells me the big boys are watching with a microscope. (a simple retail investor will not drop $220+k to melt an iceberg....).

I predict the releases from the trenching and first drills will soon strat coming in waves and timed so as to ratchet up the price. If the numbers hold I think the first wave will drive sp in the $5-10 range then up from there base on what no news has done. the idea is to get the sp to a level that a potential buyer has to make a solid offer. I have no idea what that might be but have seen extremely conservative numbers on this board in the $150 range...

Then the fun will begin with competing offers. If the deep motherload is anywhere near what this board thinkls it is watch out! We could even see 4 figure offers...

Best of luck and with you long!