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Message: Re: Major confluence this week

May 22, 2009 12:33PM

>>I'd be interested to hear from some more of the recent new posters/new owners to see what they think, what they are hearing.<<

For most stockholders, there are three basic ways to get information on a company- official info from their filings and press releases; from people with first hand knowledge of the company; and from indirect or second hand sources. We have little to go by as far as filings until SFMI completes their SEC filings. Their press releases, while not "inaccurate", have been a bit overoptimistic as far as time frames. I'd certainly like to hear more from the company as far as how they are progressing. That's why I'm so glad that there are a few posters who seem to have first hand knowledge of what is going on to keep us up to date. Especially so since the second hand sources, those that drive by the site or visit the local bars, seem to have incomplete and less reliable information. If you read the message boards, press releases, and filings, you are probably aware of what the average Joe is hearing. The trick is to figure out what is reliable and what is not, and to make sense of it all.

As far as my thinking, the fact that I am a long sums it up. There is no question of the resources or whether a lot of money is there to be made. It's only a matter of time, how quickly and efficiently it is done, and whether more dilution will occur before enough revenues are generated to make the whole thing self sustaining. If I had to assess the situation right now, I would guess that things are coming together rather quickly, and that the SEC filing, milling, and revenues are imminent- within a month or so. Once that happens, revenues from the tailings should be sufficient to sustain operations, get the mines up and running, start the share buyback program, and make some profit to boot. After that, the sky's the limit. That's my take, anyway, based on what I see and read.


May 25, 2009 02:30PM

May 25, 2009 04:08PM

May 25, 2009 04:20PM

May 25, 2009 04:25PM
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