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Message: Re: IDEAS...Sinbob

Sep 24, 2010 09:36AM

Sep 24, 2010 10:27AM

Sep 24, 2010 10:37AM

Sep 24, 2010 10:52AM
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Sep 24, 2010 12:05PM

Sep 24, 2010 10:07PM
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Sep 24, 2010 11:26PM

Have a little more time now...

First of all, sorry about your loss. We're all friends here.

I think I explained the problem with the mill setup in my earlier post. I didn't get that explanation directly, but pieced it together from several different, overlapping accounts. I think it's accurate. Here's a link to the Falcon page: Falcon concentrators I don't know which type or model SFMI has, but there are models that will do up to 400 tons per hour.

I completely agree w/ you about RK. SFMI is executing their business plan and progressing very quickly. The only reason there has been any disappointment at all (and a big reason the bashers are able to attack) has been the overoptimistic and in some cases almost intentionally misleading PRs. RK seems so intent to promote SFMI that he will use misleading and unclear language, like saying the rent was paid w/ "proceeds from the tailings" when there was no real revenue booked yet, and they were getting cash by borrowing against the concentrate as collateral. The concentrate will eventually be sold, so the loans are irrelevant, and the concentrate is probably appreciating in value faster than the interest rate, but the apparent contradiction was disturbing when the quarterly came out. And as to RK's knowledge of the mining biz, he seems to know some geology, but he really shouldn't refer to those piles as "tailings". They are unprocessed ore- unless you count miners in the 1800s picking out the pieces w/ visible gold "ore"..


Sep 25, 2010 12:07PM
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Sep 26, 2010 05:45PM
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Sep 26, 2010 07:41PM
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