Re: Big dump after dump after dump
in response to
by
posted on
Nov 03, 2011 10:27PM
(Edit this Message from the "Fast Facts" Section)
The 43-101 will help to get us on the TSX. It would also be required if anyone contemplating a buyout needed financing from a source such as a bank or fund. Those types of financiers require a 43-101 much the way a mortgage lender requires an appraisal, which is a standard measure of how much a house is worth. But a major with cash or able to self-finance (say by trading some of their shares for SFMI shares) wouldn't necessarily rely on a 43-101. They have their own geos who would conduct their own evaluation of SFMI's resources. And SFMI's initial 43-101 won't have a resource calculation anyway. That will come with drilling- and the more they drill, the more resource will be defined. It's going to take a while and some drilling before the 43-101 can be updated to include a resource calculation, and a very long time, if ever, before it's determined how much total gold and silver is in WEM.
The 43-101 will move the sp, mostly by exposing us to new investors and allowing us to get on the TSX making SFMI more "legitimate" (many funds won't buy OTC stocks). The 43-101 itself will also move the sp, but only in increments as the 43-101 is updated and expanded to include more results. But the two things that will really move the sp will be a constant stream of revenue (especially if it passes the burn rate) and drill results that corroborate the historic grades in WEM. Any results approaching 2.5 oz/t will send this streaking.