I doubt that we will see an announcement next week. It will be an interesting afternoon following the annual meeting as I expect Lori will cater to the loyal (and perhaps a few not so loyal) shareholders in attendance. If she is unable to give any assay results, at least we should know when the surface samples and first drill cores were sent in and if the deep holes have been started and when.

The burning question to me is whether or not the deeper holes made by the shallow drills were field tested for gold, and if so was she pleased with the result. Unfortunately I doubt if she could or should disclose this. The second question might be "How long do you think the approval for the Amex listing might take, and whether or not this will impact disclosure of the assay results?"

Disclosing any information at all, and fear of it will probably mean the shorts will be covered Wednesday or Thursday (Nov 17th) morning, and I consider the shorts to be only a sour tasting burp in the daily churning of the markets.

Long term I expect Greece to fall out of the Euro, major turmoil in the European markets and more big, big problems with the big US banks that are highly leveraged with their derivatives (bets) in Euro dollars, and bad bets in the gold and silver markets. I don't see how the Bank of America for example, can survive, unless they were to declare bankruptcy now and just stick to banking.

The big boys that are knowledgeable in gold trends are all calling that the gold companies will out perform bullion at last, and Barrick, Newmont etc have already raised their dividends to attract more buying. This will help St E. as well. It is any body's guess when all this will take place but regarding St Elias I would assume it will be awhile before the deep assays are reported and when we will finally know the full value of Tesoro. As far as the spin-off properties are concerned, I don't know if any surface samples have been taken and if there was any hint of gold present, so basically this could only be moose pasture in a locale where no moose are present.

Does anyone know if the Titan 24 survey can pick up gold in a concentration of i gm. per ton? If not then we should use at least i gm per ton in the calculations of the anomalies.

If the world financial markets take a tumble in the next couple of months, this may bode well for our buyout price, otherwise the projection is for gold to be around 1950 in the first quarter of 2012