First of all, A Very Happy New Year to all Agoracom Readers & Posters!

Another section of the White Circular, that was misleading to many I talk to, was the following (from Page 3):

St. Elias has strong executive leadership, is well-financed and well-positioned to continue exploring for gold on highly prospective properties in Peru and British Columbia.

So, how can the company state that they are well financed, when they also stated the following:

Oct 22, 2012: St. Elias Mines Ltd. Announces Non-Brokered Private Placement

Dec 20, 2012: Subject to the availability of additional capital, St. Elias proposes diamond drilling of 3,000 – 5,000m in order to: