St. Elias Mines Ltd (fka SELSF)

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Seeking Alpha--now I understand

St. Elias Mines' (SLI, TSXV) (SELSF.PK) hand was finally forced, and they released horrible drilling results from their over-hyped Tesoro property. The grades were low, and the widths were extremely narrow. There is very little hope left for Tesoro and St. Elias. By coincidence, the same day that St. Elias reported its results, Kaminak Gold (KAM, TSXV) (KMKGF.PK) reported stellar results with substantial Au grades on 10 meter widths, not mediocre grades on spider veins at fractions of a meter. But Kaminak's enterprise value of $115M is fairly close to that of St. Elias. Go figure.