Silver Falcon Mining Inc. (fka SFMI)

[Imperial Whazoo]

Thanx for the photos, garrick.

It looks like there are fresh tire tracks that are in the top picture, BTW.

So, we have solid picture evidence telling the story that the work in the Sinker Tunnel is going forward. I personally had no doubt, but I love seeing your photos about it.

BTW.. I found a couple of tax advantages that got renewed in the fiscal cliff bill. They improve the economices of the Sinker Tunnel project enormously.

Since your photos show the Sinker work is set to go forward (because the fence is in and the porta potty is in and the tire tracks are fresh)...

...since we can see that the Sinker work is commencing, it matters a lot that the economics of going forward are going to favor SFMI in 2013.

There are two provisions in the fiscal cliff legislation that will help SFMi.

The bill will extend, through 2013, the mining industry tax benefits that expired at the end of 2011. These two are as follows:

1.) A tax credit for each employee trained in rescue and emergency procedures in mines.

2.) A tax credit that allows companies to deduct half the cost of advanced mine safety equipment from its tax bill.

Here is a link that talks about the fiscal cliff tax bill. The two provisions mentioned above are discussed in this link.

http://reporting.sunlightfoundation.com/2013/fiscal-cliff-lobbying/

Now, lets all review the following SFMI PR, found at this link:

http://ih.advfn.com/p.php?pid=nmona&article=54689328

In that PR, recall this section relating to the MSHA certified workers:

The Company's MSHA certified underground workforce has been notified of this forthcoming starting date, with work starting immediately on that date. Once the top wall rock bolting is completed on the remaining distance within the Sinker Tunnel, exploratory drilling will begin in earnest.

Both of the referenced parts of the fiscal cliff bill involve the economics of the things mentioned in the SFMI PR, above.

As such, the tax advantages included in the fiscal cliff bill will substantially improve the economics of the work to be done in the Sinker Tunnel.

Your photos show that the preparations have been made. The stage is set for SFMI to be able to go forward for a much smaller dollar amount because of these much improved economics.

IMHO, we should see the logjam break apart soon. Any announcements pertaining to the work in the Sinker Tunnel will have a much greater impact than they would have had if the economics of the project were not benefitted by the renewed tax advantages.

Imperial Whazoo