Yep, I saw an Idaho Wildlife Officer field dress and quarter an 800 cow elk in the snow using just the blade of his Leatherman. That includes opening up the breastbone, removing all four feet, and dressing out all the rib meat, as well as removing the hide.

Field dressing a full grown elk is a big chore regardless of the tool(s) you will use. Of course, the bigger job then is to pack it all down to camp 5 miles away.