Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

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Message: It's a great weekend to go short hunting!

Thanks for the reply Sculp. Another important point that I don't think anyone has made is "how are exploration companies valued". Exploration companies are priced according to what investors perceive (most often backed up by projections and reports) will be found in the ground. It is not necessarily required to prove the gold exists, it's just necessary for investors to perceive that it's there. Obviously we eventually have to prove it in order to sell it and get it's full value. That's when the properties true worth is shown. The proof of this was in our recent share price escalation up to about $2.65 I think. The share price will escalate once again as investors gain confidence that their hopes won't be dashed in future drilling results. So to summarize...the ongoing drilling results (if they prove more and more gold exists) will once again set our stock afire as investors perception of a huge "GOLD MINE" once again is put into motion. Couple that perception with short covering and we are off to the races and the eventual sale we all are awaiting. I'm quite sure Lori is if she controls about 6 million shares. Wow, imagine the money she has lost in this pullback. Management has a big stake in this venture and a lot of their own wealth which makes me very comfortable for the longer term. JW

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