posted on
Aug 21, 2011 05:20PM

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

Message: Re: Reality
Excellent post Kemo,
As everyone knows, I am constantly digging for new info and keep an eye out for any company that may have a similar deposit to ours.
I do this to see how reasonable it is to beleive that we MAY have over 25 million ounces. I also do this because I have a considerable investment in SLI and want not to take everything for granite, I respect probability in my evaluation.
I am currently watching 2 companies that are years ahead of us in drilling. They both have around 25 million ounces pretty well proven at this time. One is a porphyry, the other a vein system, but both with a lot of similarities to our property. I check the dimensions of their deposits and their grades for comparrison purposes. I looked at their historic samples to get an idea what kind of grades they had starting out. One companies grades stayed pretty consistant, 1-3 g/t through out the entire ground because of disemination. The other companies grades got slightly better at depth, but their early surface grades appears to be slightly less than ours. You really can,t put anything into that other than there was significant gold found at/near surface and it continued with depth. Keep in mind, every deposit is DIFFERENT, and I only use these for comparrison purposes.
As for the buy out share prices getting higher and higher.
Yeah, its ok to have fun and explore the possibilities, but as the others have said here, DON,T get your expectations too high.
Everything we have to work with at present is pointing to a world class deposit, BUT, we need proof and any unknown can happen. I for one, think there may be a lot of gold in the anomaly, but I am not 100%. Thats why I say if we have 0.3 g/t average in the anomaly, we could have 25 million ounces. I beleive there is more, but I feel pretty good with that number for now. The next assays that come out will help considerably on proving this to me.
IMO
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