Excellent points you guys/gals!!!!

It was said by Lori at the 2010 AGM that labour is cheap in Peru, something like $15 a day per man, I just forget the actual amount, but know it was around there somewhere. So, the Dynacor trucks go right to some mining operations and pick the ore up right at the mine. They have trucks capable of holding at least 20 tons of ore. We have ore that usually has been averaging around an ounce per ton, not hard to do the math there, when you can get over a ton of rock in a little 45 gallon oil drum. So yes!!! no excuse at all for them to stop mining veins. 1 sample tasken at surface of the last new vein found was around 2.5 ounces gold per ton, it would take the least amount of effort, and highly profitable I must add, to mine that vein at the surface. The vein new N1 VEIN has to be very rich, for the company to find it as a result of the geophysics, dig a 9 ft hole, hit the vein and take an 18 inch sample of it. The odds of this is high, but consistent with the property, amazing! in Lori,s words! tHERE IS DEFINITELY EVEN NO TROUBLE FOR A CHILD TO FIGURE OUT WHATS GOING ON HERE, LET ALONE PROFESSIONAL REGULATORS AND INVESTIGATIVE UNITS!!

The comment Mimi makes about the stock price is also as equally important! The Exchange has assigned MM,s for stocks, or PO,s to maintain a market in trading securities. Where no one was selling in this stock, and yet the TSX allowed MM or PO activities continue to drive the sp down, blatantly says they condone the manipulation of the sp to nearly nothing, becvause they didn,t stop the constant downward pressure on the sp, even though there was little to no selling by shareholders. Lori continuously sold stock during most of the stock price decline, she must be sitting on ample money to fund this PP herself!! Let alone the dysfunctional entire BOD!

And for Lori and BOD not sending out PP agreements to prospective placees for several weeks after they requested them, it clearly shows she is not attempting to fill the PP for some reason that is surely contradictory to shareholders best interests. And to see the regulators do nothing, mean they condone these actions and perhaps even know the real truth of whats going on here, and perhaps thats why they are risking the total integrity of the markets, to let this company die. It has to be big and valuable to see authorities take such risk!! I believe multiple class action law suits need to be lasunched against the regulators and the TSX as well as more connected entities! This is blatant robbery and exploitation of common shareholders and it appears that the Exchange and the regulators have put their stamp of approvasl on it, as well as the chicken shit politicians that tremble at the name, St Elias Mines LTD.

And if any of you employees of any of the regulators or Exchange are reading this, in which I wouldn,t doubt you are, if you allow this to continue, you are just as guilty as your employers and may not be immune from any future litigation in the respect to this situation. This is not a threat, just a reminder of common sense, morals and ethics.

Thank you

Rick

IMO