It seems some are confused who certain statements came from and the wording of those statements also should be clarified. Once again some direct quotes from MANAGEMENTS CORPORATE PRESENTATION. I would also suggest listening carefully to the recordings of the AGM and Calgary meeting as well. "Unique nature allows St. Elias to explore and recoup exploration costs while concurrently proving up 43-101 resources." "Bulk samples (development material) of over 1,157 tonnes at average gold grade of 0.93 oz/t." Comments regarding bulk sampling and how its a better representation came originally from management if I remember correctly, not online posters. Also note it says development material.. not waste rock. It was well communicated by management that the WASTE material was comprised of what the informales estimated to be 15g/t or less "Titan 24 anomalies directly correlate with areas of known mesothermal gold mineralization particularly within the Main and Parallel Tesoro Structural Corridors." ..if that doesnt mean the anomolies in reference are gold bearing then im not sure how to interpret this? "Titan 24 Surveys locate disseminated gold zones on surface." -also the comments by LORI about quantec working with us can be heard on the 2011AGM recording.

One more comment. They mention possibly doing a 43-101 for the 20 waste rock piles in a NR. So..the waste is worthy of this, but theres nothing other then what the drilling results showed in the ground?