St. Elias Mines

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Re: What now
over 12 years ago
10
in response to Real888's message

Real, I think your assessment is quite realistic. Expect the worst and hope for the best. Things always take way longer than what we hope for, and I agree with you that given the track record, the next batch of results could indeed take many more months. Between now and then, there is nothing to prop up the sp, so I fully expect it to sag (and I am personally OK with that, but everybody has their own tolerance level). I agree that running out of money is a distinct possibility, if we don't see some good results in the next 15,000m of drilling, and more drilling is required......I'm not sure how much drilling over and above the current 20,000m program could be funded from the existing treasury, but the worst-case outcome would be that most of the money gets exhausted and they have to move on to the Vilcoro, at which time they might need another PP.

The real reason we're all here is because we're hoping the next wave of results starts to step into the anomaly and returns some great numbers, if you believe the holes drilled thus far were indeed from the perimeter.

I'm a firm believer that patience will be rewarded, but I'd be lying if I said I don't go through my own emotional highs and lows on a continuous basis!!!

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jakestocksnake
City
Edmonton
Rank
President
Activity Points
1980
Rating
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Date Joined
06/28/2010
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
Shares
130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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