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I will have to take a look at it. I haven't been to the BRD site since they merged and R/S. Can't do much right now as I don't have a monitor free. Very busy, maybe latter tonight when things slack off a bit if I am not to tired. I don't expect to have any free time during the day this week as I am watching and moving a lot of bigger stuff around. For some reason money just does not come easy to me, I have to work for mine, and that is just not fair. LOL
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Think, Richard..... The man most likely knows that area,the claims and the landowners better than anyone else ever will in our lifetime. There is also the possibility of many handshake deals that no one else knows about or has any knowledge of whatever. He would also be privy to all the bad as well as the good that has happened over the last 25 years and I will tell you you just can't buy that kind of info in California. JMO
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Gee, I dunno but that number would seem a little low to me. I am just going by memory here but I was sure we were supposed to be somewhere around 115000 oz/year. Now don't quote me on that or hold me to that number, like I say I am going by memory and heck I couldn't even remember it was Black Fox instead of Grey Fox. They say as you get older you lose brains cells quite rapidly and I am getting up there.I will have to do some digging backwards to find the numbers that I have somehow stuffed in my head, however I agree 18000 ozs is nothing to sneeze at.Perhaps it is time for me to spend a little more time here and get myself back up to date on the workings of BRD, I guess I still have 12,500 shares here, not much but could be worth something one of these days..I will do some digging, won't be tommorrow but will get to it as soon as I can. JMO
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Total agreement on your views for Brigus future. I guess in my previous PMs I talked about Grey fox where it was supposed to be Black Fox. Like I said I had ignored this for just a little longer than I should have, kinda set it on the back burner and forgot about it. I don't think it was a mistake with the financing at the time, it gave us the opportunity to proceed at a time when no other options were on the table. Sure it was extremely costly but we are considerably further ahead today than we would have been had we waited for financing with more favorable terms and quite possibly never got it anyway. I am just hoping that now that we are sitting at that magical over a buck number that institutional buying starts to show some interest. I guess my outlook now is to give these new boys a chance to prove they can make it shine, they certainly have a well set base to work from, no reason it can't be a real sweetheart in a year or two. JMO
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Very wise move on the silver and gold bullion, no matter what happens this will always maintain real value. Silver, at this time is an extremly misunderstood market and also at a time as never before in valuation compared to other PMs. It is also being depleted in total known world reserves. I think you can expect your holdings in silver bullion to provide extreme wealth in the not to distant future, however I am not so sure about investments in SFMI, even though they claim to have some silver ore in some of thier claims. There is a slim chance that you may have a winner, but I think if they are in production at the rates claimed and ore values claimed, they would have provided some numbers to the investment community by now. It just don't make sense that they would keep this as a secret if they are planning on moving ahead with mining in the mountain. I think there are going to be a lot of unhappy folks when the real numbers do show up on a 10q in mid Aug. Might be a good time to turn those profits into real value, SILVER BULLION. JMO
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No family members were harmed during the fabrication of this Company, even the daughter of the CEO collects huge amounts of money from the Company,of course to date this family has been living off the backs of shareholders and I suspect they most likely will for quite some time yet as no revenues have been verified from the processing of tailings. The holding Company will see to it that all family members continue to collect handsome salaries first and foremost.I can see very little left over for the sareholders of SFMI even if that Company does show a profit at some time in the very distant future. JMO
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I second that!!!!
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Haaa!! Full disclosure; I still don't own any shares in SFMI, I have only held shares for a brief period in one trading session and ran with my profits. The real truth is that no one knows where this share price is going or when it is going there. The T/A is gagged and the company has not given out any info in regards to processing amounts or PM values in the ore.. With that being said I can tell you that whatever your choice is at this point is purely speculation on a very risky venture controlled by one family. That very same family also controls the holding Co. If you are willing to gamble, you can pick up a few bucks from time to time on this venture, however if you lose just once then you will lose more than you ever make. Nah!! not me, not until I see huge numbers at the smelter and an ungagged T/A. JMO
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The way I see it is if Obama and his band of thieves had never got involved in this at all, this case would have been settled a long time ago and Tronox would be a stand alone and profitabe Co. today showing great value for the shareholders. The Govt will never bend just to appease a bunch of lowlife taxpayers cause they know at the end of the day they are going to get it all anyway. The only time the Govt ever bends is to obtain votes,or if they can make the people believe they are the better alternative. JMO
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I don't really care how much dust and dirt I see flying around the site on the web cam. I still have not taken a position here except for the one time I was in and out in the same trading session. I am a trader and will not put money in unless I can see money coming out and so far SFMI has not given me any indication that they are in fact processing ore and that it has PM content. I can follow charts as well as most and see the signals, but in this case we need numbers from the Co. before those charts are going to tell us it is time to go. If the company does have some numbers at this time they should be forthcoming very soon or we can count on picking up some very cheap shares before Aug 12, if they don't have the numbers I guess anyone who is in now is SOL. The more fluff PRs that they throw at the investment community, the worse it will get, folks just don't like dry bones, gotta have some meat on them or there is nothing to bite. JMO
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Next....even if the S/P were to drop to a penny, I still would not be a buyer without numbers from the company.
Well that 300 lbs of copper pennies is worth over 1000 bucks at todays prices, I am sure you have looked through them for any 1943 wheat pennies. FYI 1913 liberty nickel sells at Jan 07 Orlando Auction for $3,737,500. I also won the bid on that 2010 MS70 $1 silver eagle at Police Auctions today $56 now I know its not the 25 year anniversary one but I just wanted a top graded coin and the list does show it at $80 so I think I got a decent buy. I am not really much of a coin collector, but they are nice to have and I have always collected silver coins no matter what they looked like. Heck I would dig through a snake pit for a silver quarter if I knew it was in there.LOL
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Hangalong,
Totally, and many new patents everyday because of the unique properties of silver. It is a very distinct metal in a category all by itself. The sad thing is that now that the scientists have found so many desireable uses for it that can be a great benifit to humans,it is being depleted and in most applications it is mostly unrecoverable. This is all fine if you are an investor in silver, which I am sure all that visit this board are. I agree, in a short time the gold and silver connection will be broken and silver will move into a distinct and rare commodity. At this time we still have the opportunity to purchase at very reasonable prices and I think folks that have been using the 20% of portfolio in PMs would be wise to move that up to 30 to 35% I know I am. JMO
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All of my rants are my personal opinion and are in no way suggested as advice on buying or selling securities.
The buyers of physical bullion are not going to be the main driving force behind the explosion. The folks that are holding paper,conracts and certs are the ones who will drive the explosion. The time has long past to buy or hold paper, it is time to cash in for physical bullion. When these folks make a run on the JP Morgans, ETF and hedge funds, there will be no where near enough physical stock to cover the paper. Many, if not most of these funds are leveraged at 100 to 1 , so anyone holding paper better get in line as quickly as possible, cause I am sure most do not even have 5% of the cash to cover the paper , let alone bullion. At one time it was so much easier to deal in PMs with certs than physical, but that all came to an end in the mid 80s shortly after the hunt run and big money was allowed to leverage in PMs. There are many who still like the ease of trading paper, but they will get caught with thier pants down in the near future, simply because all of the major holdings worldwide has already been sold off and now most countries will become buyers of physical metal, just like the U.S military. JMO
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This is exactly why we all should be buying and storing physical bullion, one day soon folks are going to want to cash in all that paper. Thats the day I sit back a laugh at the big bellies of JP Morgan and the other thieves of the big money now boys. Lets just hope that the taxpayers don't get hit with that bill, cause if that happens there won't be much left on the shelves in the markets of the country. This 100 to 1 leverage in the PM markets is the biggest mistake that was ever allowed to happen in history of the country. I am again a buyer as the price dips ever so slightly. Order in today 1360 ounces a +.84 on all new sig rounds and bars and I am very happy with that. If it continues to fall slightly all week I will continue to buy until I reach my goal. I have a feeling we are going to see action far sooner than expected. Spending is just way to far out of control and it don't look like there is any end coming soon.Real jobless numbers just keep going up and until that stops,spending will not be reigned in.Soon the buck will be on an uncontrollable nosedive and the PMs become money at that point. JMO
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Thats a great post Sprat,we all know about the manipulation of the silver market and there will soon be an explosion in the price of bullion when JP Morgan and the ETFs have to cover thier paper. You just went on to lump SFMI into the same league of ration. This can only be true if you know he actual production numbers from within the processing facilities at SFMI. Now I don't think you or anyone else outside of the main frame of the company can provide us with any concrete numbers. It has been said that they are capable of processing 140 tons per 24 hr day, however it has never been said that they ARE processing that amount each and every day. It has also been said that ore values could be as high as .75 oz/ton, however those numbers have never been proven in saleable concentrate at the smelter. In conclusion, yes silver will increase in value simply because of supply and demand and the leverage ratios of paper and bullion by big banks and funds. No SFMI will not move up because silver and gold do. SFMI has to provide verifyable numbers or it will continue in a down trend. JMO
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I went to the Royal Can Mint site and the Proof set 100th anniversary Canadian Navy is still available. There were 55000 minted.Just out of interest I also went to Police Auctions. Com and they have a 1 gram bar with a bid at $40.00 and 20 hours to go, I also saw they have a 2010 silver eagle MS70 just listed with a bid of $1.00 and over 3 days to go on that. I will check back on that site when the bid is near close and see if I can bid on it. I don't expect I will get a chance as the price will be way to high. Folks pay some extremely outrageous prices on that site. To Bad we can't consign some things. I would say if you go to Can mint, maybe go to silver dollars and then keep clicking on "you may also like" until proof sets how up. The single navy dollar will show up and from there you will get to the set. GLTY
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Wsh I knew how to send you the info or post a photo of this remarkable set. It is the best proof set I have ever puchased. As to the silver nickels, hold on tight, no need to ever worry about storage for silver, when you get to much for current methods you will always find a way to store it. Have you heard of 1 gram silver bars? Have you heard of a site called Police Auctions? I have seen these 1 gram silver bars sell on this site for as much as 50 bucks each plus shipping. Ok, now we talk about silver someday maybe reaching $1000/oz. Just think these dudes are selling these 1 gram bars up to $50/gr today,thats $1425/oz. Talk about making money on silver!!!!! I have purchased these 1gram bars in lots of 100 or 250 for around .50 to .58 cents each. Now I also got screwed by the seller on a shipment of 700 the last time I tried to buy, I paid the money and never got the shipment, that was in Jan of this year. I do have about 4000 of these tiny little bars for exactly what you have the nickels for. BTW the seller is still in business on ebay, he is a crook as far as I am concerned. I think perhaps Police auctions still have some up for bid from time to time, I just havent visited that site for awhile, the also had 1 gram gold bars selling for up to $250 each, total money makers.
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Those look nice and have great value. I have nothing against collecting. I do have all of the U.S proof sets from 1960 to date and also many of the Can ones. I also just purchased 4 2010 Canadian Navy 100 year anniversary sets, mainly because thy were all done in silver. There are 8 coins in the set, that means there are 2 one dollar coins. One of them is not silver the other one is 92.5% silver and 7.5% copper as are all the other coins,including the nickel. The 1 cent coin is 100% copper. The 1 dollar coin in silver has a gold overlay as does the 2 dollar coin. They are in a very handsome sealed booklet package. I ordered 1 at first and was so pleased witi that I ordered 3 more to give out at Christmas. They are on Royal Canadian Mint site for I think something like $110 bucks, of course that would be less in U.S dollars. Don't quote me on the price, it is a month or more since I bought them and my brain doesn't carry info like it used to. I suppose you have one of those 1913 U.S nickels that have been flying around the auctions for the last couple of years for only a few million each. LOL
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Many folks believe that Silver could begins its move up sooner than previously expected. I have been reading articles by several analysts forcasting $2 to 300 an oz within 3 to 5 years. Now I admit those are just opinions, however most are supported by very well documented research. I am not smart enough to repost this stuff to the board, but most of you have already saw it any way. I am old and just barely know how to turn the computor on, I only learned what I absolutely had to cause I never used message boards until just recntly. I would like to know how to cut and paste or whatever is needed to get some stuff up there, but just never seem to have time for that stuff. There are some good buys out there today, might be an opportunity either today or wait and see where it moves on Monday. My preference today would be for signature, rather than paying premium for Eagles or Maples. Do not buy or sell based on my opinions. Always make your own decisions with your own money as I do with mine. JMO
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I really don't think that spike to .46 can be used in any charting or as any indicator for future swings. The only reason it ever hit that number was because of some big money traders pumping and dumping. I think the highest price you can use here is .332 and from that we have had a continuous decline on an almost daily trend. The real investors will not enter here unless they can see some fundamentals with real numbers as far as processing amounts and ore values. Just look at what we know for sure, think, think what do we know for sure. Can you see real money coming in here with what is known at this time????? I see a steady and continuous decline until some real numbers are put on the board.Jmo
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Profit is never a bad thing. Greed is the killer.The other thing that happens to many folks in the first few years, is when you buy in say at $1.00 and get your gains to $1.40 very quickly but then choose greed over profit and hold for $1.50 only to find a slow and deathly retrace to .20 never to recover. So never fret over any profits eat it up and move on to the next one. JMO
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Gee that just don't sound very encouraging to me. It would almost seem as they are not yet processing ore at this mill. If they are stockpiling the crushed ore and there is no other ore on site to process, makes a guy wonder. One little bobcat 1/3 cu/yd bucket in 2 days going into the mill. Hmmmmm just wonder how they paid that 83000 dollar payment or if they did??? I kinda thought there was a reason for the share price to be declining day by day. Glad I didn't listen to this board and waste my money. I knew I had to see some production numbers first before I ever jumped in, cant bet money on hype and dreams and charts, gotta have the numbers. JMO
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I don't have quite that much at the moment,however I do have a pretty good stack, well over 12000 0zs I have a small amount at 2 different banks and the rest is in a huge and very old Wells Fargo safe that I picked up way back in the late 70s I have packed this thing with me all these years mainly just for that purpose. It is so heavy it almost takes 6 men and a team of mules to move it. I think it is the best way to store PMs, at least I know that they are mine and no one is going to get them without suffering from my trusty old 12 gauge first. I don't like the idea of storing all your metals at the banks cause you just never know when the Govt or even the crooks at the banks nowadays can just takeover and you are SOL. There maybe better ways to store it but I don't know of any. I have many other friends that use the same methods, but some of them do just use multiple banks. What do you think?? What do you folks use? Bonded storage units? Bury it in your back yard?? I would like to hear about some more options for when the price goes up. I would like to think you are right about the nunamistics on those rare silver coins, Orca cause I do have some silver coins that would fall in with what you are saying. Always open to new ideas.
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I agree with your conclusions 100% thats why I have been hoarding silver for years, just wish I hadn't sold some for profits at times although it has paid me well. Also wish I had bought a lot more at $4.50/oz however I am still buying and like you I got another 100 maples on Tues. Just hoping the wall street reform helps the market so I can dump some crappy stock and pick up another 15 to 20 thousand ounces before the price starts the big move up. I would also like to see it take one more dip before the move. I have sold most of my gold to buy silver, only have a few small pieces left, so you can see how strong my belief is in the future of silver. It is also much prettier than any other metals.JMO
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I am not sure I agree with paying $500 or $1000 or more for 1 silver coin containing 1 ounce of silver at this time. My thoughts would be to buy quantity as we look to the future of silver values. Just assuming the price goes to $100 an ounce, I don't see that $500 coin going up to $2500 but if you did buy 25 ounces at $20/oz then you would have $2500 value. If silver values are going into the stratosphere the only difference I can see is perhaps the .9999 Maples may have a little more value than the other .999 coins and bars. I also see the smaller sizes as having a better trading value at higher pricing,like I don't see to many folks chasing after 100 oz bars. Right now I don't mind paying a premium to purchase the Maples because of the quality.JMO
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I hope you do understand that the Company has to have Gold before the price of gold on the market has any effect on the value of the company. So far SFMI has not shown any proof of gold to the investent community. JMO
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Reg, I have been here for a long while as have many of the others. It has always been said that each of us are to make our own decisions on how to invest OUR coins. So I guess at this time I have only one question for you. What is it that you have to gain if you can prove you were right and all the rest of the world was wrong??? Just asking!!!
JMO
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Sorry, your source is biASED. JMO
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Dont you think the Govt got enough with 145 mill plus 88% of the fraud claim? What a crock!!!
Yasssss Because so far it looks like we (the equity holders) have paid for all of the restructuring costs. After using our $$$$ to pay all those thieving lawyers and accts, then they hand over OUR company to the rest of the crooks in Govt and BOD. That don't seem fair.JMO
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Well it looks like they are just handing 50million more free dollars and warrants to the U.S Govt and a bunch of free warrants to all the new directors under this new plan so I don't see why the 5% warrants to the Equity Holders can not be unencumbered. After all the REV (reorganized equity value) is estimated at 458 to 640 million with an EV of 1,150million. JMO
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I wouldn't bet the farm on it!!!!Should have been something with a LITTLE MEAT by now if in fact they have been processing for the time they claim. JMO
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I think if you are missing something, then a lot of the rest of us are also missing the same thing. I can see 2 numbers, firstly 1.2 billion then 3-6 million and that is very disturbing. I also see the strike price as being the deal breaker here. I am not sellin any of my shares because I want or should I say have to see a heckuva lot more numbers before I can make any sense out of this thing. We need all the numbers from the new share structure, I also want to see numbers from the Fitzgerald case. I sure wish you folks had not elected Mr. Obama in the last fight,even Hillary would have cared more about jobs and the little folks than the current Adm. Each can work what you wish into that but the real picture is coming into focus and things like this CH11 are starting to show the proof.JMO
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I remember when we had 100s millios in shareholder equity and a judge that approved an EC based on that number. I guess I would like to know who got our equity $$$$ Was it the bondholders? How about the U.S Govt? We didn't seem to have any problem until the Govt got thier greedy little fingers in here. How about all the liars err lawyers, how much have they stole. We are all wondering if having an EC has helped us in this case? I guess when you have crimminals of such high caliber as we have here, it is hard for any thing to help the little guys. JMO
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Usually I use a 10 foot pole for latching onto these iffy little start up mining companies, however in the case of SFMI I have extended the length to 20 feet. This just because of simple little things like the webcam and statement saying that it is down because the diesel electric power is hard on the equipment. That is hogwash, surge control units have been around for more than 40 years and anyone knows that they are required for this application. Every time a 20 horsepower engine starts or stops there is a power surge and they do create havoc on small electrical communication and electronic devices. Even small surges can totally wipeout a computor in a few days, large surges can fry then in one shot.There have been far to many excuses for simple little items that lead me to believe we are not in the loop. JMO
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Hey Satellite, you are absolutely correct, the true market value is set by which a buyer is willing to pay and a seller is willing to sell for, however in the case of CPRKQ the Wately Group gave no evidence of where the actual market value was obtained from, they have also failed to include any forward looking statements that allow for any future values that may be represented should the mill be restarted and also the potential value of the minerals in the lease holdings. It does seem strange to me that the first position lenders would be interested in maintaining the leases if they do not have any future value. I would NOT continue to pay rent on a warehouse if I had no intention of using it as a profit making facility.The gist of any ranting that I may do on this board always comes down to the same thing and that is, why Wately Group?, and why are they not giving any hope of survival to the equity holders instead of lowballing numbers in order to allow first position lenders extreme advantage by way of immediate CH 7 by the courts. Wately group should be doing everything possible to try to restructure under CH 11 cause if it does go 7 then we lose 100%. From some extenive DD in the past 2 weeks I can see no reason whatever to come in with numbers that are absolutely no where in the ballpark. There is much more here than can be seen at surface and I am not sure I like it. I can always live under the rules of CH11 and usually do quite well but I do have a huge problem being forced into CH7 for no reason other than to satisfy someonelses greed. In this case that appears to be fact. JMO
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Sleep, I am going to try to keep this very brief. Even if CPRKSA were able to reach thier goal, then what? They would have to get the court to remove the current BOD, Hmmmm possible but not likely to happen. Suppose it did happen, then they are going to need money and not 15 million, this 15 million DIP that has been on the dockets does absolutely nothing. In order to get the mill back up and running and in a profitable picture, the first thing that has to be done is to get rid of all of the outstanding debts,loans and liens. Then they will need an engineer that can operate the mill and a CEO that can run the Co. and that is not JB, MS or MD, they need a real CEO and a real mining engineer. Now sit back and ask firstly how much DIP is really needed? Sure not going to do much with 15 mil, looks like somewhere between 85 to 100 million.Now lets look at all the other questions, Landowners, lease agreements,EPA, OHSA , MSHA, new employees, new equipment, contractor agreements and on and on, all of this begins again before the mill can be restarted. Then you have the burrs in the backside, like PN and there will be many new ones cause I am sure folks like yourself that have a win able fraud case will not sit on your hands. I know I can sit here and type for hours about all of the sceneros that can come about, but at the end of the day I will come to the same conclusion and that is that it will take 100mill plus to resstart the mill and get to profits and that don't leave a heckuva lot for any equity holders. JMO of course
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As in all bankruptcies, the DD now shifts from the company to the top players and the courts. I am somewhat concerned about how it came about that the Wately Group were chosen to handle the restructuring and in particular JB as the new CEO. I have spent some time snooping around and it is my belief that there are some folks in New Jersey that would be much better suited to handle reorganization than the current BOD. , at least we would know where we stand right from the start and not be in a position of blind trust. I am totally dumfounded by the lowballed numbers submitted by the current BOD, I can see no benifit to anyone by such a far out evaluation of the companies current market value. I know there has to be a reason for it,but I can only see that reason as allowing the court to move directly to Ch 7, and I can not see that benifitting anyone other than the number one lender. Now they have said many times that they are not interested in running a mill, so the question is, who is in bed with them? MS, Watley Group, EB WHO??? Right now this thing has a very rank smell, the only one who could have saved the shareholders in this case has been ousted and the rest don't give a ..... JMO
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I seriously believe this stuff to be spam as it is being posted to the board every second day. If folks have not read these reports by now I don't think they have missed much as most of that data has no relevance to SFMI. Perhaps it is time to cut the spam and maybe find out what the company is doing as far as getting this thing into production and showing some revenue. JMO
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Yes perhaps it did happen in the past. But the question is. Is it happening on a continuous daily rate every day 24/7. It is possible the mill is capable of that rate, but is it sustainable, they don't say that. However I choose to believe what the PR states and that is that the mill is capable of processing that amount, but they have to tell me if it is in fact doing it, and the PR does not say they are. It would also be questionable that granite would soften by any enviromental conditions. This may lead us to believe that much of the ore is in fact NOT from metal bearing formations. JMO
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