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You mean SFMI hiring drilling contractors. If you're worried about big bucks, go watch PQ at the SHM video again and notice that he states we have international PP investors. Money is no problem. As a matter of fact, Im not sure if you're familiar with our shipments going to the refinery on a monthly basis and are expecting millions in revenues (wait for the PR), but the fact of the matter is that money is not a problem that PQ has decided to do a stock buyback after every shipment rather than pocket it like some on this board claim. Keep in mind that PQ has put 5 million of his own money into this project.
Ebo,
Im so certain about this that I actually took out a HELOC to keep adding to my portfolio and my handle name pretty much explains which stock I have accumulated. Save your comment and opinions about any actions I have taken because I will be the one that retires at an early age while others sit on the sidelines waiting to see what happens next. Some play poker conservatively, while others like myself go all-in.
When the PR comes out showing veins in the Sinker has ounces versus grams per ton in the 43-101, and we're trading on the TSX, and the stock starts to double over night, we'll see who looks like the smart one.
Like I've seen several post here, even if management wanted to they couldn't mess this thing up. To me, it's a sure thing! Been there and have seen it with my own eyes.
Like Anton posted in the past, this is American history in the making.
Like someone wrote today on another board, even Barrick was a penny stock trading at .17 a few years ago.
IMO, we have seen botom here at .06 and it's all UP from here.
Good luck with whatever position you take on this and the other.
All the fun is about to start. Put on your seat belts on everyone.
It seems like all the fun will start now that we're back on the OTC.BB. It seemed like ever since we were put on the PK our share price has dipped and dipped some more.
REVENUES and STOCK BUY-BACK will create a nice buzz.
Please answer my simple question with honesty. DO YOU THINK SFMI @ .06 IS A BARGAIN?
RB: Back in May you bought this dirt at .13
RBKissMyAs Share Thursday, May 12, 2011 12:06:32 AM
Re: A deleted message Post # of 41099
I just bought back in!
Im sure you've bought this stock several times but the one post I did find from you clearly states you bought in at .13, so you obviously have interest in this company. If you bought this stock back in May at .13, don't you think .06 is a bargain? Give us an honest answer especially when we're about to announce revenues for the 1st time and announce the 2nd shipment going out along with possibly another shipment going out in Dec. which will estimate our revs to be in the 3-4 million range by years end, along with a follow up PR stating the stock buy-back is to start once the check from the refinery has cleared. Oh, and how can I forget, the smelter completion which will create Dore bars at a much bigger and faster pace which only means 1 thing, MORE REVS. More REVS means more stock buy-back.
abrevaderci:
BINGO. I believe we will be seeing a fund having to report because they have accumulated and own 5% stake in SFMI real SOON.
Assays are higher than the 1st 2 PR's just like the rumor. The updated news just keeps getting better. Now we're expecting our 1st shipment to go out this week and we should get paid next week. Unbelievable!
Get'em while they're cheap!!!!!!!!
Gold has steadily climbed nicely for our 1st shipment. Is there another penny stock that generates revs over 1 million/month?
Lots of shares will be bought back.
IMO,Calm before the storm.
They showed the world they have the gold when there were certain individuals that insisted on this board we had no gold and their intentions are now to show REVS (and plenty of them) which is around the corner.
Ebo,
They were and still are making Dore bars at a speedy pace on a daily basis and their intentions are to start shipping it ASAP before the Nov 1st original shipping date for multiple reasons:
1) Show a great chunk of REVS for the 1st time
2) Investors on the sidelines waiting to see REVS before coming on board--Gain respect in the street
3) Reduce o/s
4) Become PROFITABLE in 2012 (can't wait to hear from posters on this comment)
Not sure where you're getting your numbers from, but listen to mine, 3-4 million by the end of the year.
Get'em while they're cheap boyz!
The company's goal is to buy-back enough shares to get the o/s under 100 million in which they believe they will succeed.
Get'em while they're cheap!
Interesting read to all:
Most important numbers lie not in the resource count but in the project economics.
In the first half of 2011, gold mergers and acquisitions (M&A) were fewer and further between. PricewaterhouseCoopers reports in its mid-2011 mining deals update:
Entities with a primary interest in gold were still the most sought after targets by volume in 2011 representing 31.4% of deal volume, though the value of gold transactions dropped to 12.8% in 2011 from 31% in 2010. In comparison to 2010 where three of the top 10 deals were in the gold sector, the first half of 2011 has seen only one of the top 10 deals in the gold sector. (Newmont Mining Corp.’s $2.21 billion acquisition of Fronteer Gold Inc.)
It wasn’t surprising to see M&A activity in the gold sector slowing as the gold price was racing upward and junior companies got expensive. Things changed in September. As gold was sliding from its historical non-inflation-adjusted highs, shares of junior mining companies dropped sharply. The TSX-V, where most of these companies trade, fell by 25.5% within the same month that gold lost about 15%.
Weakness of this magnitude did not go unnoticed – not only by investors but by companies that had M&A plans. Two deals involving gold stocks were announced late September; let’s have a look.
On September 19, Agnico-Eagle (TSX: T.AEM, Stock Forum) announced a C$255-million (US$257.8-million) acquisition of Grayd Resources (TSX: V.GYD, Stock Forum), a gold exploration company with its flagship La India project located 70 kilometers from Agnico’s Pinos Altos mine in Mexico.
The project is not huge – at 0.5 g/t Au cutoff it hosts 665,000 ounces of gold at 1.03 g/t Au in the Indicated category and 418,000 ounces at 0.96 g/t Au Inferred. The company’s mine scenario envisions 92,000-ounce/year production over nine years by the relatively cheap heap leaching method.
The most important numbers, however, lie not in the resource count but in the project economics: At a very conservative US$950 per ounce gold and a 5% discount rate, the project’s NPV is US$187 million and an internal rate of return (IRR) is 51%. Cash cost per ounce is moderate at US$507. These excellent figures – in a project basically located next door in a stable mining jurisdiction – resulted in the high premium Agnico is willing to pay for Grayd: 65.7%. GYD shares leapt accordingly, a big win for shareholders.
That week another deal started taking shape, this time in the form of a merger. As part of the arrangement, Takara Resources (TSX: V.TKK, Stock Forum) will acquire all of the outstanding shares of GoldQuest Mining (TSX: V.GQC, Stock Forum). The companies market the transaction as a “no-premium” merger, not giving an estimate of the value of the combined entity.
Neither of the two companies is a producer; both are explorers. The purpose of the merger is to develop two properties with open-pit mining potential – one owned by GoldQuest (La Escandalosa) and the other by Takara (Tassawini) – to production stage together under a single operating team.
La Escandalosa is located in Dominican Republic, a relatively mining friendly jurisdiction. The project hosts a NI43-101 compliant Inferred resource of 405,000 ounces (4,863,000 tonnes at 2.6 g/t Au). A preliminary economic assessment is planned for the fourth quarter of 2011, so there are no NPV or IRR data to rely on. There is, however, some information on the project’s metallurgy: Preliminary testing showed 98% gold recovery. GoldQuest also mentions that the property is located 17 kilometers from a main road and has hydroelectric potential.
Tassawini is quite different. It is located in Guyana on the site of a past producing mine. From 1907 to 1914, about 11,200 ounces of gold were recovered at Tassawini, which hosts an Indicated resource (at 0.5 g/t Au cutoff) of 437,000 ounces at an average grade of 1.3 g/t Au with an addition of an Inferred resource of 62,000 ounces at 1.0 g/t Au. Although Takara mentions “an in-house scoping study” that lay ground for further preliminary engineering activities at Tassawini, the company hasn’t published any economic numbers yet.
This transaction seems full of uncertainties. It looks like a risk-reducing move on part of both companies, which have small projects with uncertain economics that are unlikely to interest any major companies any time soon. Perhaps so, but they are in different countries, where workers speak different languages, and requiring different technical and political skills. We’re not surprised, then, that neither of these companies saw their share prices rise as a result of the merger announcement.
In other words, it seems likely that as both metals and junior mining companies correct – which may continue for some time – we’ll see more mergers and acquisitions, but not all deals are created equal. Buyer beware.
Let's make another thing clear. I should just change my handle name to FACTS. On every shipment, 15% of the money will be applied to a stock buy-back and the company's goal is to get the o/s under 100 million----FACT!
Totally wrong!!! Let's get the burn rate CORRECT once and for all. Burn rate with EVERYTHING and EVERYBODY INCLUDED is 150k-240k/month.
Shipments estimated to go out MONTHLY at minimum 1,000 ounces per shipment of which 65% will be 18k gold and 35% silver. YOU AND EVERYONE ELSE CAN DO THE MATH. SFMI and GH## will be cash cows SOON.
Get your cheap shares while they're cheap!!!!!!!!!!!
SFMI soon to get out of OTC.PK and back into OTC.BB soon to get into the TSX and possibly into the AIM.
.062 stock with 800,000 tons of ore being smelted everyday and will be GENERATING MILLIONS OF DOLLARS AT A CONTINUOUS PACE starting possibly next week.
43-101 to be filed in January by a 3rd party Geologist showing our resources NOT historical data. What happens when 1 of the veins shows 3-12 OUNCES instead of grams??
You saw what IW posted last month about companies trading in the dollars and their resources are less than our garbage. One's garbage is someone else's TREASURE.
Get'em while they're cheap boyz!
1st shipment out to the refinery for $ale seems to be ahead of schedule. Revenues will lead into company share buy-back, so get your shares while there is no interest because stock buy-back leads into pps increase.JMHO
VNDM is NY crew
2 days in a row in the GREEN. Not a huge increase, BUT GREEN IS GREEN. Great sign!
CapnDon:
I kept reading individuals posting 25% and wasn't aware you were the specific culprit.lol
But now that you're cursing and raving and calling my 3-5% # BS, let's see who's # comes closest. Prove it? That's what the birdie in the sky said.
BTW, you and I are on the same team.
ABSOLUTELY.Proceeds from the 1st shipment (expected to be over $2 million) will be for the share buyback. Not all proceeds will go towards the buyback because our other gem (GHD#)needs to get paid. Shipment is Nov. 1st and $$$ by the end of November makes Dec. a joyous holiday season. :)
Followed by the filing of the 43-101 in January--Nice way to start the New Year.
Management said that they expect 1,500-2,000 ounces to be sent to the refinery for sale in NOVEMBER.
On the 1st shipment and sale which will be in November,share buyback will be coming. EVERYONE on the sidelines will be jumping in and we'll see how POSITIVE the posts here get. lol
Could be a great Christmas for everyone.
We're shipping over 2,000 ounces of gold and silver to Abu Dhabi refinery in 3 weeks and we're trading at what????????Looks like a bargain to me.
Arabs know we have lots of gold and silver to ship to them that's why SFMI got a great deal and a 3 year contract.
Who said the 43-101 to be completed within 6 months, PQ,RS or RK? WOW
The only reason I stated Vince and crew will be at WEM today is Vince mentioned it to shareholders on the phone that they will be there filming. Seems like you and Vince have your stories mixed up. We'll see when the shareholders update us and can verify.
carmine:
If there is no Steve Simon and no Vince Carusso at the SHM,does that mean there's NO SHOW AGAIN?
FOX? You mean Vince Carusso your friend from New to the Street is there filming today the 2nd episode.
beachguy:
This board will never be broken. This board will be full of SFMI shareholders wishing they bought at these levels.
NEWS on TV show is out.
Today was,
shake all the weak hands before the run-up before the SHM. Enjoy the ride and your portfolio going green.IMO
The train is leaving the station.