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I guess the market don't much care for these fluff PRs. Look at the biggest word "established" means capable of. The PR does not say they are processing 140 tons per day. It actually says they are capable of that amount. The PR makes no mention of the current metal values per ton, if we do not know this, we really do not know anything. It is highly possible that the web cam has been out of service because folks were starting to pick up to much info about the actual progress at the mill. The one thing that has provided more info than all else combined is Bobby Joes photo's. If you can read these photo's and know what to look for, you can plainly see there has been very limited production at this facility, certainly not 140 tons per day. The web cam was also showing to many MSHA and OSHA violations and perhaps that was not a good thing. I think maybe the fellow who stated that SFMI could be a trip 0 stock by this time next year might just be correct, unless they can get some numbers on the screen pretty quickly. JMO
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I think the market is starting to talk now. There has been no reports of any verifyable processing or metal recovery amounts and the market don't like that. If there is no progress the share price suffers as it has been. I am afraid it will go much lower until there is some production and some numbers that show money. No money!! No increase in share values!! JMO
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I, for one never said nothing about photo shopping the pics. As a matter of fact I stated that they were great pics and let us see the real truth about what has been happening at the mill.All a person has to do is look at the photos and they tell almost the complete story of what has transpired over the last several months.It is plain to see that they do have most of the crusher circuit and conveyance system in place and the office and mill building are standing as well as the generator shack. It is hard to tell from the pics how much work remains to be done inside the mill. It is easy to tell by the piles of this and that, that are in different locations around the site how much ore if any has been processed to date. We can only assume that there may be some small tailing piles by the fence near the ore truck, now this may not be tailings at all. If it is in fact tailings it should be in a containment area and not just dumped in the yard. Things like that will be known when the mine inspector makes a visit to the site. One other thing of serious concern is that the mill manager has been MSHA certfied, yet there are dozens of infractions witnessed on the webcam everyday. The mill manager has total responsibility for the entire operation and that includes contractors working on SFMI site. Just saying. JMHO
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Show me the money!!! Smelter report?? SFMI has not even announced a smelter contract yet. Where do we hope to get a smelter report from? No one here knows where they are shipping the concentrate to or if in fact they have any to ship.JMO
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Titum, I can tell you one thing for sure and that is that those huge piles outside the main compound are NOT tailings from this mill. There is only one possibility of any tailings from this mill and that is several little dumps in a pile near the fence beside where the small tandem articulating ore truck is parked. Looks like perhaps somewhere between 125 and 150 tons in that pile. Also If these pics were shot on Sunday, I wonder why the mill was not in operation at that time, it would appear that it was shut down for the entire weekend as you can see the loader buckets facing down to prevent rainwater accumulation and rust.I can not say that any mill that was processing high gold ore would ever shut down on weekends if they were in fact even in operation to begin with. It is all in the pics, just take a close look at the piles outside the fence and you can tell that that stuff has never been through a mill, you can even see rocks in it. Maybe they are big gold nuggets Ha Ha Maybe someday they will let us know the facts about processed tonnage and ore values, but it sure won't be until they have some numbers that can be published.JMHO
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The pictures are great Bobby Joe. They really tell the whole truth, it is plain to see that the piles in the area outside the fence are the ones that previously sat in the yard beyond the yellow hopper. You can also see that they have stockpiled the crushed ore from the main pile in that area as I mentioned last week when we could see the loader spill tracks on that route. Some folks thought they might be taking it around front into the main door, but now you can see it piled there. It is also evident from the discharge that they have only tested the system with the small amount of ore that entered the building by way of the hopper conveyor circuit.From all of the pictures that you have shown us to date,I can see no evidence that the mill is yet in production and by the look of the action on the share price I think the market is with me on this.I can assure you, if they were in fact processing the mentioned gold content we would be well aware of it by now.JMHO
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WHY?????
Thats a story for another time. I didn't make it. I made it to Great Falls and got wiped out by a box of tissues in my hotel room. So I am not able to walk for another 5 weeks. It is a strange but true story and perhaps someday I might find some humor in it, but not just yet. I will eventually get to visit the site yet this year if I am still interested.
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I can assure you if they were processing xxxtons with any metal values at all we would know about it. We don't even know about a smelter contract.If in fact the mill was running just one shift per day it would be fun to sit and listen to that whoomp whoomp whoomp of the ball mill as they restart it every morning or should I say everyday at noon by the time they get everything else cleaned out by hand so that they can restart the mill. Yes the mystery of SFMI mill on war eagle mountain. I can say there are many things that are secrets from the owners of this operation and until they start revealing these secrets to the owners I sure don't want to be one of them. Yes they have supplied a web cam, but all it is good for is to have more folks get excited about what they can not see. I just wonder how much longer they will be able to keep the owners in the dark or if there ever is any production from the mill, will it be enough to cover operating costs,it sure is a mystery!!!!!JMHO
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Ya ya and if that is 2 ounce per ton ore, it won't take long for many thousands of dollars of gold to be spread all over the site, ha ha!!! Seems kinda silly when they have the conveyors and hoppers set up. Perhaps they are just moving that ore to a covered location. I still don't think it is entering the mill through that big door, cause if all the floatation tanks and other mill components are in fact in place, I don't think that leaves any room for access to the ball mill from inside the building. JMO
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Hear hear......
Just to stay line with most of the other exagerations offred here lets say it is about 20 to 22 yard and the weight would then be about 27 tons. How does that fit in with things like 100 tons a day production rate at the mill??? Sound about right for now???
JMO
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Ya .22 I wasted another 10 mins this morning watching things on the web cam. I can tell you from just my observations about the way the overall operation looks I wouldn't buy any shares yet if they were at .022. They have still no proven reserves and no production numbers. I still think the big question here is, are they even started producing at the mill? Just by looking at the things that they are still doing outside the mill building, who knows how much is still to be done inside the mill before they can move into soft start mode??If they continue to move that little bit of crushed ore around the yard they will soon have it spread all over. Make a nice white topping for the site anyway. I can tell you one thing, if that was my ore and it was supposed to be such high grade, I most certainly would not be moving it with a loader especially with an operator that won't shake the bucket level at the pile. JMO
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I think perhaps we have one of the best opportunities that will be around for 2010. At these prices I believe we should try to add more everyday as they become available. The biggest problem is the low volume, there are not many for sale and it is hard to fight with the MMs that are accumulating. Have to go in with small orders above the ask and they usually only fill partial at the ask. However I am still going after them at this level cause I still believe there is tremendous value here,I mean how can there not be????JMO
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Oryx ,you asked about ore trucks and said you saw several dumping in the big pile. Those are called dump trucks, there has been no ore trucks hauling for SFMI. Also there has been no concentrate shipped to a smelter as of this date. As far as we know they do not have a smelter contract as that would be a material event and would require a PR, as a matter of fact there has not even been any ore processed as of this date. I will be in that area next week and will have some more facts that I will gladly share with the board.
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Who is Ted Tuner???
There are no ore trucks, thats why it has been refered to so many times as a Mickey Mouse operation. If one of those big ore trucks dumped a load there he would bury that little mill!!!JMO
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Yes Intel2, you are 100% correct,we should try to get together with the lienholders as well as the secured creditors and the unsecured creditors or anyone else who has money coming from CPRKQ cause they must all be paid in full before we get a taste. Theoretically that would be the best case scenero, however in most CH 11s it seems that none of these groups ever want to get in bed with the share holders. Now ideally if we all were to be able to fight together and bring in a POR that allowed the company to reorganize and become profitable, it would be a win for everyone and we would save a ton in legal fees.It is possible, but is not likely to happen because that is not the way the system is set up and also because greed will always play a huge role. JMO
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So is that what it comes down to similarities!!!! I can point out thousands of Qs since 2002 and I will also say there are none that are similar in any way shape or form. Each and every bankrupt co has it own set of circumstances, they are all set to different obstacles. Some are not even bankrupt, they are just crooks out to get rid of the equity holders. Each and every case is decided on its own merits by the courts and the judge has the final say. It is the courts responibility to find truth, however the big winners are the lawyers appointed by the courts. Ultimately the equity holders must, in almost every case put up the biggest fight to try to recover any value and the sooner the fight begins the better chance we have.The biggest thing we have to remember now is that John Byran and his cronies are not our friends, they are here for the money,plain and simple. We, the equity holders are at the bottom of pole, we are last to be paid. Jb and his group will try to prove liabilities far exceed assets in order to get the smallest % payout possible to all creditors. We , as the equity holders must prove assets are far greater than liabilities, firstly to avoid cancellation and then to get approved equity committee so we have some say in the restructuring.If we do not get an EC then we have no say and no protection at any time. No CPRKQ is not similar to any others,this one will be a hard fight for the shareholders all the way. JMHO
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Pw, Tell me, just what does Kmart have to do with CPRKQ. Did they buy into CPRKQ or does JB own Kmart shares or do you, whats the connection???
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I can name several just in the last year that have paid me handsomely just for trading in and out and in some cases even end up with new shares. I love playing the Qs, not sur where CPRKQ is going yet but I did buy a bunch more just as soon as they filed and it dropped to .0003 I cant mention the other companies without getting deleted, but I can tell you I missed the biggest one cause I don't like the pharmacheuticals.JM
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Titun, you usually have some well thought out posts, however I really don't think a large producer like Kinross would be interested in a bunch of ore with different grades and makeups and possibly a lot of garbage or overburden to try to process through a mill that runs at 7000 tons per day. I am sure they want a pretty consistant grade of ore running through a mill of that capacity. JMO
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Perhaps you could tell us who the smelting company is that they have a contract with to handle thier smelting requirements. Since there has never been any mention of who or where they are in any of the PRs, I am just wondering if you know the name of the company?
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Ya 50% haircut, now we need 100% just to get it back. I can't believe that the MMs have so much control on this stock. I guess it is because of the low share count, they can manipulate it just by trading thier own shares. You know that really stinks. But,Hey don't let them scare you cause we will soon be back where they can't play us anymore. I have been here a long time and I will be here a long time, as I expect most on this board will be.JMO
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I am sure there are alot of things that aren't going on that we can't see as well.It is ok if you want to believe the truth about what is not happening at this time.The PR stated that they would start producing gold for sale on May 17. If they had in fact been producing gold for sale on May 17, I would think there would be some numbers by now, also the discharge line in Bobby Joe's pictures would have shown some evidence of usage, unless of course every ounce of ore is gold. LOL There is absolutely no reason to believe that the mill is operating in any capacity whatever at this point.JMO
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Thats not for me to say. You have to d yur own research and DD and mk your own call. I never make any recomends for or against any stock.
On Wed June 09 at 06.00 hrs I will load up the scooter and baggage in the Escape and leave on a journey that will take me about 1200 miles south from my home to the town of Milford,Utah. I plan to spend several days in the area,maybe doing a little rock hounding and perhaps meet some of the friendly folks of the area, and if I am lucky perhaps even some of the share holders of CPRKQ. I can take in the car show while I am in town and enjoy some fresh nightly desert air. Then I will back track a bit into South western Idaho on some other business and from there carry on to Reno and Tahoe. Just thought I would let you folks know that I will show up cause I have planned on it for some time now and I really don't get to much time to change plans. Still alive and kicking as is CPRKQ
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Many times we have saw SFMI compared to Barrick Gold and Kinross on this message board. These two companies are gold producers, and thier operations run 24/7/365. I really don't think SFMI should be even mentioned in the same paragraph as either one of these companies because firstly they are not producing any gold that we are aware of and they do not work after hours or weekends. This is all obvious just by what we can see on the web cam. Some folks are claiming that ore is being procesed through some secret access to the mill, I dont think there is any possibility of that and have been told it is not happening. If they were producing any gold at all they would certainly be working on weekends to make some money to pay bills.I am also wondering how close they are to having some problems with money owing. I think it is pretty close to the dawn of darkness. JMO
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It has been bothering me since I first saw it sitting up there by the hoppers. Now it sits at the foot of the big ore pile, that black piece of equipment. What is that?? Is it a sluice box type of deal or another shaker table? Does any one know what that thing is??
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I do not currently hold any shares in SFMI. I do trade it if opportunity arises. I do hold free shares in the parent and I also trade it from time to time. Money Pit, Peggy Sue is my asst and I do not appreciate inflamatory comments directed at her. I supplied info that you asked for and I would appreciate that you can show respect for getting answers to your questions and not degrade other posters. I buy and sell SFMI and many other positions based on her research and advice and find her to be extremely intelligent, not to mention very classy, dignified and highly spirited. The one and only trade I made on SFMI was totally executed on her behalf and netted me a nice profit in just a few hours and I am sure she will make me a bunch more on SFMI trades when the opportunity comes up. JMO
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Peggy is in admin. Herman is in the field and Bobby Jo is in Res and tech. Just so ya'all know for future ref and when we meet at SFMI s/h meeting.
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Not much activity on the web cam today. Maybe they shut down early for the weekend. Is this some kind of joke or what kind of mill are they operating here. Looks like a grand total of about 2 tons have been processed so far, and that was just testing some of the components. Thats the latest from our man, Herman. I trust him above all others cause he knows.....JMO
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Yes, I can see all of that happening. Perhaps you will have us a Divi by the end of July, but one thing I would ask for is maybe .70 to .90 per share, seeing as they will have to borrow the money anyway, might as well get as much Divis as you can. Also if they were to pay that much in Divis then it would help the S/P get to the$5.00 plateau even faster,perhaps by mid Aug. Then to get to the $ 40.00 per share all they would have to do is come in with a R/S, say maybe 200/1 or 300/1 and boom boom to 40bucks. Is this something like you had in mind or was your plan more in line with maybe a telemarketing campaign to sell shares and increase the share price that way. That may work as well but the former would be much quicker, and isn't that what we are all looking for in SFMI, to make fast bucks. JMO
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Ok Ok They take it in the big door in a front end loader!!Please explain how they get it into the ball mill???Do they use buckets on a rope or what??
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Thank you for that update Candy,it looks like you are back to being our diamond in the rough. We appreciate you sharing with the board and I hope this time we will all band together, instead of those that that try to be negative all the time. We can all remember that there is still huge value here and hope that the CH11 process can lead us to recovery of that value. With the right people at the helm and getting the right people in the operating process, I am sure we can persevere. I think the first thing we have to watch closely now to make sure we have the right people at the helm and be prepared to push them if needed.JMO
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I am going to call you on that one!!! My bet is that someone is lying and that is obvious. SFMI is not processing 50 tons per day.That is my assumption, observation and opinion.....Period
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Oh and I also don't really like cats very much.
Well I think the mines inspector would have quite a lot to say about just how close they get to those old shafts when they are full of water. Its difficult to tell what the formations are even in a granite based mountain. There are always shale stringers and these can let loose a good distance under that water pressure and with seepage over the years. I really don't think the mine inspector will allow them to raise from the sinker unless those shafts are drained first.JMO
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The one thing I do know for sure is that they will not have any of my money to spend on the sinker tunnel and any other foolishness they may have planned in connection with the sinker tunnel. LOL Come to think about it they will not even have any of my money to spend on these hyped up piles of dirt that are being transported to the mill site, but I do have some cash in my jeans from that sneaky little trade I made one day. LOL Isn't it a wonderful world we live in where it is still possible to fool some of the people all of the time LOL......JMO
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Now some one finally posts something that makes sense. Yes what do they think they are going to do with the sinker tunnel???
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I really don't know how you think that the price of gold has any thing to do with SFMI share price. Always blaming gold market when SFMI share price falls. These guys are not even producing any gold so when they are selling zero ounces, how can the gold price have an effect on the share price???JMO
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