Let's put the responsibility for the dismal share price where it belongs- with SFMI. Not with the NY boys, not because of technicals or the price of gold, or any of the other excuses floating around. The price is, pure and simple, a reflection of the well deserved lack of credibility of SFMI. We were all expecting an announcement about funding and the start of a drilling program, and what do we get? Same old, same old. Start with the tiltle of the PR: "Silver Falcon Mining, Inc. (SFMI) Starts Drill Program". Sounds good, huh? You can hear those drills whirring! Until you read the PR and find out that not only is there no drilling, they haven't even let out the contracts! And that's just for the Sinker, which still needs a lot of work before drilling can begin. Looks like the above ground drill program, which should have begun last year at the latest, is put off yet ANOTHER YEAR. That's BS. And the financing? "sufficient to allow for the reopening of the Sinker Tunnel and the beginning of an underground drilling program"- in other words, enough to finish the Sinker rehab (maybe), the rehab that we were told was finished in a PR over a year ago. The financing, which we were expecting to be for the full drilling program, turns out in the 8K to be the same old half mil business, with corresponding dilution (and warrants- grrrr). Maybe there are commitments for the rest of the $6 or 8 or 10M, but by now you should know not to believe it until it's in an SEC filing.

We got a decent price spike in anticipation of the news- I guess a lot of people thought SFMI had changed its spots. But what we got was a misleading (drill program underway!) PR with more promises than substance typical of SFMI. Anybody who bought thinking we had full funding and that drilling on the mountain and in the Sinker was about to begin was severely disappointed. Any wonder there was a selloff with the news? We may get the building permit next week (as noted, it's not the cyanide permit, but the permit for the building), but the real news we need, either drill results or revenue sufficient to at least fund the mill operations, if not the whole operation, is still a ways off. And in the case of drill results, farther off than we thought before the PR. I had at least hoped to have surface drilling results in the next few months. It's clear to potential longs that there is no reason to start a long position now, since there will be another delay before we get the news needed to really start the share price rise.

I'm still long, but only because of the resources we know are in WEM. And SFMI will eventually get there. But until SFMI develops some credibility (which won't be easy at this point), the sp will continue to disappoint.

And BTW- SFMI evidently still needs a proofreader: "An expansion of the mill building is almost completed and the addition of equipment for a flotation line." contains a sentence fragment. Not impressive.