Silver Falcon Mining Inc. (fka SFMI)

[Imperial Whazoo]

OK people. I decided to satisfy myself as regards the question: Is the report we got from SFMI today good or bad?

Here's the link to the report, by the way.
http://www.silverfalconmining.com/Assays/SFMI_FEED_ASSAYS_2011.pdf

So here's what I did. I have a lengthy working list of mining companies. Over time, I've bookmarked a lot of web pages and this allowed me to go and look at a lot of these companies and get a quick picture of whether SFMI is good, bad, or indifferent as compared to the generally found company.

That seems to me to be a fair approach: How does SFMI generally compare to companies that are both currently producing and in various stages of development?

This list is random. I did not cull the results to slant them. I was in a hurry and I pretty much just let the chips fall where they may.

If a company came out looking better than SFMI, so be it. If not... likewise.

Fact is: By a large margin, the above ground, easy to access piles on War Eagle Mountain and at the mill site are way, way better than what most companies call “good” resources and reserves.

Simple as that.

The following are the numbers from the SFMI PR today:

Unrounded SFMI grades:
GOLD = .2.9480542742 g/tn
SILVER = 15.0322733635 g/tn

For comparison purposes. I rounded & used the following:GOLD = 2.95 g/tn
SILVER = 15 g/tn

Now, a few notes on my methods:
There are some companies that have too many kinds of mineral operations to compare them to SFMI, so I do not have any companies in this note that are complex producers. Since SFMI is a gold & silver deal, I tried to avoid companies leveraging a lot of other mineralization. It would have overly complicated the explanatory notes I'd have had to generate, and I just did not have time.

Also, sometimes, there were mining operations that have multiple mines. If I found one of these, I tried to pick the most attractive property the other company has. That way, SFMI gets compared to the best of each company.

Point is: I made a concerted effort to be fair.

And one more thing: I've seen several conversion rates for grams & troy ounces posted today. I used the following, which I generally use because its my practice to use the real numbers in my day trading.
1 troy oz = 31.103 grams
1 gram = 0.03215 troy oz

Hope all of this helps.

But before getting to the list of randomly picked comparative companies, I want to re-emphasize what the facts themselves necessitate in way of conclusion:

To be blunt, I found that there is absolutely zero reason to diss SFMI over the quality of the rock they have in their piles.

Based on a straight up comparison of the grades of ore that other companies promote and, in many cases actually produce, SFMI is far better with its easy to access above ground rock piles than most companies out there. Its just a fact, people.

Simple as that.

People who have talked to me over the past two years know for a fact that I am big time angry at SFMI for not having told us the assay info last year, BTW, so I did this work to see if the numbers they finally released had the goods, as it were. I did this for myself. I wanted to know.

But now that they have finally put this info out, and now that I've taken the time to actually compare it to what other companies treat as good reserves, it blows my mind that the matter of whather these results are excellent or not remains a subject for criticism of SFMI.

Facts are facts.

Just look at the links I provide for each company. I tried to be entirely fair, but if I made a mistake, I apologize.

I wanted to find out, for myself, if the assays we got today are good, bad, or indiffenet, and as far as I'm concerned, that question has now been resoundingly answered: SFMI is sitting on a goldmine (sorry... I've just been itching to say that for a long long time).
:o)

SFMI does not have the absolutely best mineralization in the world, but even so, what they do have is excellent and compares quite well with what is considered good world wide right now.

The data I found tells a simple and straight-forward story:
SFMI has incredible resources in their above ground piles.

Its just a fact, folks.

An undeniablbe fact.

IMHO, SFMI has a lot of issues, but now that they have finally put these assay reports out officially, it needs to be honestly said:

The above ground, easy to access piles that are at the mill and that remain on the mountain are far better than almost all mining companies out there are lucky enough to have

Just go to all these links and see that this is case for yourselves.

Now... if folks do not mind, I'd like to get to the companies whose comparative data serves to establish this conclusion.

Peace.

:o)

Imperial Whazoo

COMPANIES RANDOMLY SELECTED FOR COMPARISON WITH SFMI'S ASSAY DATA

Adventure Gold (AGE:TX-V) 1.2 g/t Au vs 2.95 g/tn for SFMI
http://www.adventure-gold.com/common/documents/PR_EN_Lapaska_DrillngRes_June162011.pdf
Not producing yet

Keegan Resources (KGN) 1.2 g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $9.11
http://www.keeganresources.com/s/home.asp
Not producing yet

Comstock Mining (LODE) .023 oz/t Au = approx .715 g/t vs 2.95 g/tn for SFMI
CURRENT PRICE: $2.72
See PAGE 3 of:
http://www.comstockmining.com/files/ComstockMineProject_NI43-101_Rpt20100831_J10-100-0901100.pdf
Not producing yet

Golden Predetor (GPRXF) 1.135 g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $1.11
http://www.goldenpredator.com/documents/GPD_Corp_Profile_Sept_8_FINAL.pdf
Not producing yet

Minco Gold Corp. (MGH) 5.61g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $1.17
See PAGE 2 of:
http://www.mincogold.com/i/pdf/MincoGold_BrochureLR.pdf
Not producing yet

Detour Gold Corp. (DRGDF) 1.02g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $36.82
http://www.detourgold.com/PROJECTS/Detour-Lake/default.aspx
Not producing yet

Nevsun Res LTD (NSU) 1.78g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $6.49
http://www.nevsun.com/projects/bisha-main/resources/
Producing

Argonautt Gold (ARNGF) .36 g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $6.22
http://www.pedimentgold.com/s/ReserveResource.asp
Producing

Santa Fe Gold (SFEG) .143 oz/t Au = approx 4.45 g/t vs 2.95 g/tn for SFMI
CURRENT PRICE: $.77
http://santafegoldcorp.com/home/summit
Producing

Sulliden Gold (SDDDF) .58 g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $2.18
http://www.sulliden.com/Theme/Sulliden/files/doc_downloads/july_2010_fact_sheet.pdf
Not producing yet

Avocet Mining (AVVGF) 2.66 g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $4.42
http://www.avocet.co.uk/inata.html
Producing

Aurico Gold (AUQ) 2.07 g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $10.74
http://www.auricogold.com/index.php?option=com_docman&Itemid=41l
Producing

Jaguar Mining (JAG) 1.97 g/t Au vs 2.95 g/tn for SFMI
CURRENT PRICE: $6.25
http://www.jaguarmining.com/i/pdf/Table_July_2011.pdf
Producing

And to be honest, I could add many more, both producing and non-producing, but I think the point has been made.

SFMI has excellent, plentiful, easy to access, above ground resources, and SFMI compares well, coming out well ahea of most companies who are attempting to mine mineralization reserves.

Simple as that.

:o)