This is EXACTLY why it is illegal to release material news to the public which has not been verified by a "qualified person".

Understand clearly...Stockwatch.com is an "influencer" in the market...just like the 1000's of other market news services and they are one of the more significant being that they are the 630th ranked site in canada for online traffic. with approximately 40,000 unique daily active users.

Interestingly, 3rd only to Google.com and Google.ca...the site which people visit immediately before this Stockwatch.com is Stockhouse.com

Regardless whether the general public knows of the technological inner working of how the web disseminates information and to what extent...the regulators know very well, and the effect it can have on trading.... and that is why strict NR guidelines are in place.

In layman terms...These rules are in place so that unverified grenades, are not tossed into the marketplace for psuedo news services to take and disseminate as "fact" compounding the effects exponentially to millions of market eyeballs...with the effect of falsely manipulating the market.

I can guarantee one thing...if the SLI shares were not so uncommonly tightly held...the latest NR would have caused a panic so great that the share price would have been measured in fractions of a penny overnight (.001).

I have no doubt that it was the intention of the NR to be the proverbial grenade, as there is no logical explanation to release news so potentially devastating, yet not have any legal obligation at this time to do so.

If the Tesoro is in fact dust as it is being portrayed...rest assured that the SP should have joined those ranks with the recent NR

S.

Lori McClenahan's St. Elias Mines Ltd. (SLI: $0.025) has some bad news: its Tesoro project in Peru is uneconomic. Geologist and independent director Robert Krause spent the past eight months working on a Tesoro technical report. He says the project faces logistical hurdles, high capital costs and is much too far from a water source, but its biggest problem is narrow veins. St. Elias seemed to think it had a monster deposit on its hands in 2010 based on a pleasing 3-D model from a Titan-24 geophysical survey. Ms. McClenahan was so thrilled with those results that she treated them to an $800,000 world tour. She and her surveys made stops in New York, Paris, Brussels, Geneva, Zurich, Milan, Shenzhen, Beijing and Israels. She would have happily promoted assays as well as surveys, but St. Elias had no assays. It first applied for Tesoro drill permits in 2004, and was still waiting as she travelled. Finally, in May, 2011, it received approval to drill. The excitement over a first-ever drill program helped the stock to a high of $2.70 in late 2011, up from 30 cents a year earlier. In early 2012, however, the first St. Elias assays returned, sending the stock crashing down to 60 cents. The best result was a disappointing 0.74 metre of 23.5 parts per million gold. Further drilling returned and St. Elias has yet to find the gold deposit indicated by its magnificent geophysical surveys. It was still looking last May, when it asked director Krause to prepare his report. St. Elias had been hoping for a better result, but says it accepts the interpretation and plans to -- what else -- "move forward." It could still look into medical marijuana, and apparently the licences come faster.