St. Elias Mines

Sculpin’s explanation is the same as what I’ve heard.

Someone that had offered to help finance SLI previously was choked that SLI was now looking to raise money in China. They sold their shares. This caused larger than normal volume and a drop in the share price. SLI was told to put out a news release about any drill results they did have – that day. There was no time for a thorough analysis. Shorters and doubters did the rest.

Anyone who has followed SLI for a while knows the history of the high grades they have been pulling out of the Tesoro. Think about it. There is no way Lori would have put out that first NR if she didn’t have to.

I still think the holes in the NR were periphery holes. I don’t believe there is any nefarious plot by insiders. I think it was an unfortunate sequence of events that forced Lori to show some of her cards before she wanted to.

Meanwhile, it is business as usual at SLI. They are working hard to methodically prove up what they have.