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

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

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Message: our predicament

There are a lot of disheartened investors in SLI, as everyone knows. But, this is not isolated just to SLI shareholders. If you take the time and just look around at multiple venture and gold stocks, you are gonna see most, if not all, have taken a serious beating on the market.Most of these stocks have been hit in the last while by shorters and market conditions. Contrary to what some may believe here, we were a short target and that evidence has been posted here in the past. There were brags of us going to zero or .40 by some of these groups. They didn,t succeed on the zero, although they did hit the ~.40. Our recent short numbers show the smallest amount of registered shorts I have ever seen on this stock, so hopefully that aspect of the market is over for us. Most of us held strong and IMO prevented us from being knocked down much lower. There was even some buying from some of us.

We are longs here on this forum, very impatient by times, but the "long" lable should signify patience. We don,t have much by times, but it will be required if we believe in our properties and want to share in the maximum value that Lori may be able to provide for us in the future. I know it doesn,t look like that much value is being created, but ask yourself, how much property info is gathered to date, and not released. IMO, almost a years worth, and at some point, when Lori is ready, she will release it when she thinks it is representative of something. If you believe in the properties and Quantec, you will wait, if not, some may sell. Its everyones choice to make their own investment decisions, and IMO the best choices are made on logic rather than emotions. This forum was once filled with logic in a link library and through many posts on this forum. By using deductive reasoning, most should arrive at the same conclusion, that the properties are very promising and that it takes time to do things right. I hate to say it, but in order for this to be done right, step by step proper (Lori,s words), may be the way to go, and that may take more time. We all dreamed here of getting a high price for our shares, that dream is still alive, it only appears to be delayed. Lori is the boss and she will take this,and us to the max, the best way she sees fit. She is not gonna jeopardize herself or her strong shareholder base to take this to fruition,the very things she needs to succeed. She is undoubtedly playing a strategic game of cards, the game could last for months or days, no one knows. But, another of Lori,s quotes, "everything happens for a reason" suggests to me that she knows what she is doing and that steps take time. I don,t believe she would want to throw out partial good results from drilling or trenching that could provoke an offer, until she is ready to trump the initial results shortly after, this takes time. The extensive trenching needed to be done, but by no means did it have to be assayed or released now. The crucial info that was needed from the trenching was, to identify new veins/structures to help the geos and compliment/direct the drilling. At this point, the company does not need to know assay results from trenching if it was done in areas where we already know that the structures are gold bearing, what it does do, is give us an exact position of these structures at surface that can be coorelated with the Titan, and guide the drilling.In areas where new veins/structure are found, we don,t need to know how much gold they contain at this moment, its what these new found structures (if any)contain at depth is the most important.

Lori has said, we know we have gold in veins and at the surface. Whats the sense of taking more samples from the things we know at surface, we have to get the depths proven up. I believe that she is very confident, as I and others, that the surface does contain appreciable gold, our DD tells us it does, we need to prove the deep. We have said before, that this is a huge property in the respect of having so many anomalies and gold bearing structures, this means wide scale proving to appreciate the full prospect. For example, for Lori to throw out results for an eighth of the property, may not give her the time needed to prove the rest, because of a premature offer, if results good. IMO, the way she is handling this, may be the best way for all of us, if we just have patience.

Although we might not like it, she appears to be taking her time, to do things right in proving up this property. And, if thats the best and right way to do it to maximize absolute value in the long run, I will have to agree with this strategy. We are all in pain here, but, "no pain, no gain".

IMO

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Apr 12, 2012 03:54PM
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