Hyperman, I appreciate very much your thoughtfulness about what has happened to me and many others with our investment with St. Elias. I sold all but 20 shares back when the price was 24 1/2 cents a share and took a tremendous loss, over 90%. However, I took what seed money that gave me and invested it in Copper Fox Metals which presently has the following resource estimate on their Shaft Creek project in British Columbia:
CONTAINING A MEASURED AND INDICATED RESOURCE OF 7.1 BILLION POUNDS COPPER, 455.3 MILLION POUNDS MOLYBDENUM, 7.3 MILLION OUNCES GOLD AND 66.7 MILLION OUNCES OF SILVER AND AN INFERRED RESOURCE OF 2.9 BILLION POUNDS OF COPPER, 206.2 MILLION POUNDS OF MOLYBDENUM, 3.3 MILLION OUNCES OF GOLD AND 31.6 MILLION OUNCES OF SILVER
This was from a May 31, 2012 resource estimate update on their web site. Everyone is expecting a buyout within the next few months and if so while I may only double or triple my investment it is my first step back in recouping my losses. Hopefully, by years end instead of being 90% down I will be only 50 to 60 percent. I think this is the only way any of us are going to ever recoup our losses and it may take several such good investments to do that. It will not be an overnight thing; however, anyone who now thinks St. Elias is going to be an overnight rags to riches story is living in dreamland, make that nightmare land.