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Message: Re: Info on revenue report

Jun 02, 2010 09:33PM

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Jun 03, 2010 11:30AM

Iggy,

Thanks for the quick reply. I knew they were using shares to pay for services, so I'm not surprised at the present share count. I would just think that they could get enough production going fairly soon to start paying some of the bills, rather than use shares. Once they start processing some of the better grade ore, it shouldn't take a lot of production to pay expenses.

As far as the consultants, I'm not clear on how much of that was used for evaluating present properties (including the Sinker) and how much looking for new ones. I know they've been working on accurately mapping the present mines and shafts, and mapping out the geology of the place. 1M is still a relatively small amount in the scheme of things. I can't think of any other company that has gotten to production with as little debt and dilution as SFMI.

spiny

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