$SFMI - Silver Falcon Mining is Backing Up the Truck
Investors often use the phrase, "Time to Back Up the Truck" when discussing a golden opportunity for a company to do well. More often these are unfounded rumors and conjecture based on wishful thinking. So when I say Silver Falcon Mining is backing up the truck, I mean that literally. They have now been armed with new equipment that will get their operations moving even faster. Since the conclusion of the Annual Meeting, the company has purchased 1 loader, 1 personnel carrier, 1 excavator and 1 water truck. They have cut trees on site and are putting up the fence at the Sinker Tunnel so excavation work will start moving forward.
When you look at this mining operation and have seen all the work and effort that has gone into reclaiming this historic site, you have to see the value that is locked inside this mountain. In the antiques business they often speak of provenance of a piece. What is the history behind what you are looking at? Pieces with long histories and provenance will be sold for much higher prices than those without any true authentication. Silver Falcon Mining's mines have the provenance, the amount of gold and silver in the tailings alone prove that potential. Once the Sinker Tunnel is open for business there will be the authentication that everyone is looking for from the company. With a current market cap of $22 Million and having $8MM in gold and silver already down the mountain, the value of the mines are sitting at $14 Million. That value can increase instaneously 5 or 10 fold from a single geology report.
So the question is, what kind of prospector are you?