posted on
May 06, 2014 08:51AM

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Message: Mill
Thank you for the update.
I emailed PQ and received an email from RK.
May 5, 2014
SFMI has entered into a tolling arrangements with objective of providing mining service for its underutilized Diamond Creek Mill facility. SFMI has a number of permits which other mining entities cannot obtain in their operational districts. Tolling revenues will be used to get current on a outstand obligations, any money left over will be applied to getting a close- loop cyanide system. which is a must needed additional circuit to process the complicated sulfide ore found in the historical tailings, geochemistry and geophysics qualities of the ore atop War Eagle. So, the idea is to utilize the Diamond Creek Mill for others who's ore is not as complex as SFMI, and bank roll the needed capital for growth and expansion. If anything is left over, 15% would be applied to a stock buy-back.
A 43-101 is currently being written this is a necessary document for listing on a Toronto Exchange( in the future), but it’s a recognized document worldwide which could help SFMI get comprehensive financing, as well.
The Company maintains its 1300+ claims and is currently looking to expand both patented and unpatented claims within the Murphy, ID area.
Shareholders are always a priority at SFMI, since the largest shareholders are the insiders who have everything to gain and loss with prevailing stock prices. Mining stocks as a sector are still week, albeit better this first qtr. of 2014 than 2013, but still week. As the Company strides to generate more revenues from both internal and external sources, those results will go towards the bottom-line financial numbers which in turn should greatly improve financial matrix as it relates to stock performance. The Company has about 3.4 Billion fully diluted and outstanding with the active street float about 300M. The total float with free trading certificates and street stock is 588 Million.
Thank you for your questions.
With warmest regards,
Rich Kaiser
Investor Relations
Silver Falcon Mining, Inc.
SFMI.OTCBB
F. 941-761-7848
1 Recommendations
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