Welcome to the Silver Falcon Mining HUB on AGORACOM

(Edit this Message from the "Fast Facts" Section)

Free
Message: Re: Itching for news...

Jun 09, 2010 05:35PM

I dunno, I'd prefer base building between $3-5. :-)

Seriously, seems to me the pressure cooker should be about to blow on this one. From what I can tell, the major reason holding back a lot more money coming in is buyers waiting to see if this thing is actually as advertised- if indeed they will be able to process as much ore as stated, and if the ore is really of the spectacular grades we have seen mentioned. Part of this is for reasons I posted before- SFMI has gone the "stealth" route, bypassing all of the usual milestones between startup and producer. No exploring, no drilling, no "big holes", no 43-101, no bulk sample, no mine construction, etc. As soon as there is any whiff of financial success, such as making the payment to GHDC or reporting numbers of ounces produced/sold, then this one should run and not look back. The GHDC payment is due soon, so we should hear about that by July at the latest. We all know the potential numbers are insane for a $50M company- but that should change from valuing this as a startup to valuing it as a producer very quickly after we get some numbers.

Share
New Message
Please login to post a reply