St. Elias Mines

Quite a week, gold is no doubt getting a bit of a correction. No problem IMO, actually probably healthy! When I posted the average takeout price in the past, compared to the price of gold, gold was trading @ $1500per OZ at that time. Even at that price, the average takeout price was $769 per OZ in the ground pro-rated to the gold price. So, I think we have a long way to go, before we'd have to relook or recalculate. Don't forget, I always use $150 only per OZ in the ground (I know that's way too low!), but it still gave a triple digit price tag for only 1 anomaly (Zona Central Only)! Not counting the trenching getting to the anomaly.

If you don't think we're tightly held after this week, well ....?