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Going from 8 claims to 50, and looking at what we now control, is very encouraging. I find posting one sentence at a time like town drunk does keeps the board moving.
As we process the PMs, sell and then buy back shares. We will climb. Oh, and town drunk. Once we are inside the mountain, where can we not go?
MC you really believe that gold has topped? Europe ready to fail. They are paying out 800 billion per month in bonds come due. And no one will roll over the loans. Gold topped, not even.
I knew once the lab was up and running, that they would increase the grade of tailings processed.
I'll wager October will be pretty good too.
Awesome report for September.
yes for September.
6.8 grams per ton is what my math is for September. This is awesome. And I'm not worried about the BLM turning down the roads to the other dumps. They need the cash (taxes) far more then we need it.
Bobby, I can't thank you enough for your progress photos. They have helped me sleep at night. Watching the company expand and grow, keeps me up in down stock price world.
"Wait you are happy about the whole day under $8000 in trades?
IMO smart money like me is waiting for SP to drop hard to buy in."
Good idea, waiting till it drops. The only clock ticking is the first delivery of dore bars. But I'm sure you've taken that into consideration.
JPMs go 10s if not 100s of millions in debt. Our's is nothing. Once the expansion is finished we will be processing 200 tons per day. And smelting the dore bars. We can more then survive on this until we start pulling the ore out of the mountain.
Are they still hauling from the dumps or has the snow fallen?
Of course your wrong about it taking years for a 43-101. Its and on going process that logs drill reports. Ever growing ever refining (awesome pun). And then there is the fact that we don't need 43-101 to mine, mill, smelt. Our stock will be effected much more by producing then the 43-101, but we will have both.
As soon as they settle the shipment to Abu Dabi. I am hoping for at least 2 million. If we get it PQ will buy 300,000.00 worth of stock. That would take close to 5 million shares off the market.
19 million in book value. 30 billion in resources.
21 million dollar book value sitting on 30 billion (today) in precious metals. I'm patient enough to wait until the numbers average out a little better. 5 times the claims we had before, which are all SFMI and not GHDC. Drilling starting up. Expansion and smelting moving forward. Its all good. If I come into more cash, I'll be buying.
Just need a stronger lens.eom
With all the expansion in production coming, and NI43-101. We will be in the cat bird seat. We will be able to mine, smelt. There are now 50 claims. We can produce or we can sell the whole shabang to a barrick, newmont, or goldcorp. But we won't have to. This will allow us to command the highest price ever paid for a working gold mine.
I agree, I worked for a plating company, The tanks aren't that large. They could do their own plating and recovery.
NI 43-101 in 6 months. This is awesome! We'll have it before spring. Just more compression before lift off.
So what is the expectation for the infomercial?
95 million households.
put me down for .173
When it comes to smelting of the concentrate. You would have to believe that they will be processing the concentrates from the latest runs, before earlier concentrates. This is encouraging because the later concentrate had the benefit of our new lab to direct the tailings used. By the time they end up selling the dore bars gold will be over 2000 an ounce and silver moving on 50 an ounce. Can't wait for drill results.
Well falcon should finally be free now. As I said. Sold at the bottom. How confident he was.
Just picked up another 161K shares. bye
Roger Scamell's previous company nearly doubles output. The credit in large part belongs to him.
http://af.reuters.com/article/metalsNews/idAFL3E7ID2FO20110713
Damn you're right. I think that PQ (chairman of SFMI) needs to get hardline with PQ (chairman of GHDC) and not take his crap anymore. In fact I would even have RS (president of SFMI) go ballistic on RS (President of GHDC) for being unrealistic. Imagine them expecting (RS and PQ of GHDC) wanting to set some date to start paying the lease agreement. When we all know for a fact that RS and PQ (of SFMI) are doing the best they can. UNBELIEVEABLE! I think that RS and PQ (of SFMI) should play hardball with RS and PQ (of GHDC). I would completely shut down updates of how the mill and mine are doing. Thats it, starve them (those morons at GHDC) of information, until our fearless leaders (those geniuses of SFMI) have them begging for information.
Man I am glad you brought up this issue. When SFMI has its shareholder meeting, I would position security at the gate to insure that those morons of GHDC are not admitted. That will show them.
eddy, every gold miner is down RBY, EGO and a slue of others. Why? Because its the PM weak part of the year.
Confidence is based upon research, knowledge, and wisdom. IT IS SUBJECTIVE. That means its different for each person. If you're not confident, you simply lack trust in your implementation of the the three aforementioned traits. Says more about you then the company.
It is a country song. But the drilling is about a dentist going after the cowboys last tooth. "It may be rotten but it's all I got" *twang*
Where is my cookie for the head and shoulders bottom I have been predicting????
What could this mean to our little sfmi? Probably the most in depth report I've read yet. Any thoughts?
http://www.zerohedge.com/article/gold-special-report-erste-group-says-foundation-return-sound-money-has-been-laid-expects-gol
Catching a falling knife. Wait till it stops dropping for a day or two.
NEWS!
Related Quotes
Symbol Price Change
SFMI.PK 0.0842 -0.0048
Chart for SILVER FALCON MINING
Press Release Source: Silver Falcon Mining, Inc. On Wednesday June 29, 2011, 10:00 am EDT
BRADENTON, FL--(Marketwire - 06/29/11) - Silver Falcon Mining, Inc. (OTC.BB:SFMI - News) wanted to bring its shareholders up to date on a variety of the Company's current work-in-progress at its mill/mine located in Murphy, Idaho.
Smelter and Refinery Update
Silver Falcon Mining, Inc. has received a conditional use permit on its application for a building and for operating a smelting complex on the site of its Diamond Creek Mill in Murphy, Idaho. Building plans have been submitted for approval by the county and tenders have been put out for erection and commissioning of its permanent assay laboratory and smelter complex on the already prepared high security area. Even though, the smelter complex building has yet to be completed, the Company has a temporary secure location that is being readied for July 2011 smelts of its stored ore bearing concentrates into bullion dore.
An agreement has been reached in principle with a foreign refinery and contracts are being drawn up to finalize the last stage of what will be a revenue producing operation; details on this agreement and subsequent sales of bullion dore will be forthcoming in ensuing releases.
Mill Update
The mill is producing steadily with minimum interruptions, kept in reserved for planned insertion of new equipment and maintenance on the current mill circuit. During the past six months, the Diamond Creek Mill facility has processed material for a total of 2,800 hours or 67% of the available time elapsed based on 24/7 operations. The installation and commissioning of the clarifier tank, belt press, and flocculent mixers will do away with the outdoor ponds and their associated maintenance. The indoor self-contained pond will significantly lower milling operating cost.
A coming expansion of the mill building and the addition of another line of ore processing equipment, will allow for an increase in precious metal output with the anticipation of only a very small increase in operating costs, if any.
The Company's Fall shareholders meeting will be held at the Company's Diamond Creek Mill facility and all present will be able to see, themselves, the great progress at SFMI. The date and time for this shareholders meeting will be forthcoming within the necessary regulatory filings with the US SEC.
Sinker Tunnel Update
The refection work in the Sinker Tunnel has been completed and subject to MSHA's inspection and ongoing approvals, SFMI will start its exploration phase by drilling under the direction of the Company's President, Mr. Roger Scammell, P. Geo. and of an independent geologist who will produce a 43-101 based on his observations and studies of the core drilling in War Eagle Mountain. Exploration will be conducted under strict QA/QC protocols including mineralized standards, half of all sampled core will be retained for future reference, and analyses will be performed by SFMI's laboratory on site and by an Independent laboratory to be named at the beginning of core drilling operations. Since the Sinker Tunnel is accessible all year, operation within will proceed without interruption. The area, on the mountain, giving access to the Sinker Tunnel, will be fenced and secured by high tech security services.
"Every time I look at the performance of the mill and look back one year, I am amazed at the achievements of our work force and of our on site management in what is, in my opinion, an unqualified success. This is in large measure a result of the dedication and work of our Idaho personnel, backed by a strong management team," said Pierre Quilliam, CEO of SFMI.
He further states, "I wholeheartedly thank our shareholders, past and present for their support."
About Silver Falcon Mining, Inc.
SFMI has mineral rights to approximately 2,000 acres on War Eagle Mountain in Southern Idaho; Its Diamond Creek Mill is situated at the foot of War Eagle Mountain and is serviced b 6.2 miles of paved roads from State Highway 78. It maintains year round access to the Sinker Tunnel (http://www.silverfalconmining.com/projects/Sinker%20Tunnel.html) which will facilitate underground mining of the rich veins crisscrossing the mountain above and a mining oriented local workforce.
On behalf of the Board of Directors of Silver Falcon Mining, Inc.: Pierre Quilliam, Chief Executive Officer
For further information, contact Mr. Richard Kaiser, Investor Relations, 757-306-6090 and/or
http://www.silverfalconmining.com
Look like a may have called it. If we can hit .08 or .078 for the right shoulder, we're looking at a head and shoulders bottom. Nothing wrong with that.
Looks like we are heading for the right shoulder. I thought we would go a little higher. Now I guess we see if it will hold at .078.
Up to 50 day moving average at .109 then down to form the right shoulder at .078 then we blastoff. JMHO
Looks like we could be setting up a head and shoulder bottom. I may just time this right on my 401K dispersal. Wishful thinking?
No worries. They are selling gold to raise cash, because they believe they are going to be getting margin calls. And the dollar is getting a boost (usually bad for Gold) because of safe haven status.
Head and shoulders bottom? Anyone think we need to have that to really move up?