Re: I-Slut deletions..how disgusting!
posted on
Nov 20, 2011 10:53PM
(Edit this Message from the "Fast Facts" Section)
Actually, Pic, you can't tell posters on ihub that they are writing garbage. But you can say that a post or statement (preferably using the quote itself) is garbage. It's a fine distinction, but if you follow it you can say quite a bit over there. Just don't mention the poster.
I think SFMI has already sent out a larger shipment. Don't know the exact size, but I expect it to be substantial. At this point with a real revenue stream about to start, I think getting the revenue, reducing dilution, and demonstrating to the market that they are for real is a higher priority than trying to game the market by holding back inventory waiting for higher prices. Maybe later when they are profitable, but right now I think you sell it as you make it. It has turned out by happenstance that starting to sell now will get them more money than if they had started selling a year ago at $1250, but I also think that the share price would be much higher now if they had started a revenue stream a year and a half ago. And there would be fewer shares out.
From what I gather, access to the Oso ore requires improvements to the road that either aren't permitted yet or just haven't happened for other reasons. May or not be true, but it's what I gather... In the meantime, though, it looks like the use of the on site lab to assay the ore has resulted in bringing down much higher grades from Belle Peck.
I think your estimate of 1000 oz ready to go may be on the low side- by a lot. If they expected 2 shipments of the 1500 oz minimum to Abu Dhabi by the end of the year, I suspect they have at least 2000, probably 3000 oz on hand- minus what they have sent out.