If people bought SFMI because of what the miners threw away in 1900 and they dumped it because the outcome wasn't expected. You shouldn't be in the mining investment business.
The real deal is within WEM and the 19.2 million tons of unprocessed ore. Miners during the late 1800's only processed 300,000 tons of ore, retrieving 2.5oz of gold per ton. Silver ratio was 14 to 1.
The short term goal was the waste ore to see what SFMI can salvage to help finance the operation. The game isn't over from yesterday's press release nor is processing the remaining waste ore. I wasn't happy with the first results but my long term vision is what is underground, not the waste product. Also, they did create future revenue from the gold and silver they found in the waste ore. Smelter is being built to turn it into dore bars to sell on the market. Bright side, there is GOLD and SILVER on top and below the mountain.
If anyone reviewed previous press releases, SFMI outlined their short term and long term goals.
Ask yourself these questions. Roger Scammel left a prosperous mining outfit called Scorpio to come here as President in exchange for shares as compensation. Do you think he came for the dirt or the 19.2 million tons of unprocessed ore? Do you think he sold off all his shares yesterday and will turn in his resignation papers today?
My gripe is I like to see more clarity in their press releases.
Looking forward to the completion of the Sinker Tunnel and drilling of the mountain. Then we will see the 43-101
Highly recommend people review bobby joe and mem22 photos they have taken at the Diamond Creek Mill and WEM. Both are still buying more SFMI stock and are optimistic. Both live in the area.
AI
