Three things to consider
posted on
May 04, 2011 12:24PM
(Edit this Message from the "Fast Facts" Section)
There are three fundamental things to consider about this investment, each of which depends on the one before it.
1. The resources. Without resources (gold and silver), this investment is nothing. Does anyone here doubt that WEM has the goods?
2. The operation. Without resources, the operation means nothing. But since WEM has the goods, the operation is necessary to extract them and produce a profit. Despite a lack of details, does anyone doubt that SFMI is producing concentrate, and is well on their way to reopening the mines and defining the resources with a program of exploration and drilling? A smelter will be built, and concentrate will be processed. Revenue will follow. And revenue should increase with the extraction of new ore when they start mining the highest priority veins identified by assays and drilling. If nothing else, the milling operation alone should be able to operate for years with the available above ground ore. So the operation AS IS will be profitable, and improvements, expansion, and extraction of new ore will only increase profits.
These two factors are the only ones we really need. Yes, more info is better, but at the worst we get quarterly info that at some point will start reporting revenue and profits. But we should get more info from
3. IR. IR is not fundamental to the the success of the company as 1 and 2 are. Yes, all of us are frustrated with the lack of information, wrong information and promised information not provided, etc. But that does not affect the success of the underlying information.
I'm as critical as anyone here about the lack and quality of communication, but I'm also certain of the success of the company based on 1 and 2. It's not easy being patient, especially since we're so close and the next PR might be the one that causes the sp to take off. I've resigned myself to waiting and not getting my hopes up- not that the company won't be successful, but resigned to going day after day expecting news and not getting it. I've gotten to the point where I assume the news will come, but I'm not going to get my hopes up each day only to be disappointed. It's best just to accept that SFMI's communication is terrible, and sit back and wait.