Welcome to the Silver Falcon Mining HUB on AGORACOM

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

Free
Message: SP?

One problem was a poorly worded and not as infomative as it could have been PR. Similar to the earlier one where it listed .75 oz/t PMs, rather than Au eqs. You had to read carefully to see that the "tailings" were the source of income, and the statement that the concentrate "becomes dore bars" is a bit weak. There was no information on rates of production, total production so far, grades, or amounts of silver and gold. While the fact that SFMI produced gold (at least enough to make the payment) was one thing the market was waiting to hear, the lack of other information was puzzling at best. At .75 oz/t, they could have gotten that $83k from less than 100 tons. If they have only processed 100 tons so far after two months of operation, that's not a lot of milling going on. OTOH, if they are indeed processing 100 tpd at .75 oz/t Au eq or even 2.45 oz/t, then the payment was less than one day's product. The market is waiting to find out where in this range the true numbers are- 50 t/month or 100 t/day. If the numbers are indeed in the upper range, or even above it, then the sahre price should take an appropriate jump.

Share
New Message
Please login to post a reply