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Remember folks, WEM has over 40 billion in gold and silver. Right now we are valued at 40 million dollars. With the lab in house, we will be reporting a lot of assay results. This new technicians job will be producing assay results. And that is how he will be judged. I wouldn't be surprised if we started hearing results on a monthly or bi-weekly basis.
As I said. It is getting too risky to be out of SFMI (if you do want in) with the show coming and the lab running. With the lab operating, they could announce assay results any day. And with the in house cost as opposed to outside service, I'm sure there will be an increase in news reported.
Thats why I think we will have a pr before the TV show with more info regarding concentrate and their level of gold and silver.
SFMI will rally before the show comes out. Everyone knows it will move up, and the ones playing with this stock will want to have their shares.
This stock will take off before the show. I also expect a PR with some substantive information when they announce the show. JMHO
Really my numbers are conservative. They are based on 1 ounce of gold and 14 ounce of silver per ton (at 19.35 million tons of ore) .The historic mines averaged over 2.5 ounces of gold per ton.
And to think that we are valued at 35 million dollars. I will be patient.
I agree, at this point. Right now we have a valuation of around 35 million dollars. We probably have 20 million ounces of gold and 270 million ounces of silver. My question is which one of these measures is going to move. I say its share price (up). And when it moves it will be breathtaking.
Right now I think the stock is getting savaged because there are obviously forces at work trying to shake out the weak hands.
Something to think about. Silver was 17 an ounce a year ago. It hit 38.63 today. WEM holds over 270 million ounces of silver. The value of our holdings based on silvers price increase equals 5.8 billion dollars in one year. Yep, based on 38.63 silver, we have about 10.5 billion in silver alone.
None of the minor mishaps have anything to do with future performance. When the smelter starts up they will have plenty of concentrate stored up. They'll be keeping the smelter busy.
You would expect buying, since yesterday was the end of the quarter as well as a low in the SP. Has anybody heard anything on how the shoot went? I guess the countdown to "SHOW TIME"(credit to Bob Fosse) begins. Anybody know about the shows schedule yet?
I hope you are talking at least a double from the highs.
40 MILLION BOOK VALUE, 1 BILLION ABOVE GROUND ORE BEING PROCESSED, 40 BILLION IN WEM. Eye on the ball.
Wow. Fear of SFMI's success on this board has become unhinged. They have no idea what is in the video, but it sure has them hyped up.
I wonder how the shoot is going? This kind of exposure will put SFMI on the map. I believe there are a lot more people interested in us then we realize, and that all they'll need to jump in is a little shove. I am very interested in seeing just how many times they are going to show the feature. Will it be used as programming filler? That, to me is key.
I don't care if SFMI and GHDC bounces around down here. It will be a different story when the TV show and first dore bar pours happen.
Nobody watches 60 minutes for financial or investment advice. Give me the Fox and CNBC formats.
Thanks bobby joe. I am sure RB will come on the board now saying that they had to sell it at a garage sale to keep the lights on.LOL
It also forms the basis for a great marketing plan for SFMI.
Your question wasn't even a question. Industry standard modern report? You throw 4 words together which mean absolutely nothing in regards to what is SFMIs potential. Oh and just to clear something up. You didn't ask any questions.
"Not according to any industry standard modern report. I'd love to see it if you can post one."
You made up a statement and some bogus thing called a "industry standard modern report" The supporters of SFMI have historical data which supports their moving forward.
Modern report? The ink on the documentation that exists, showing what WEM contains, has not changed or moved. And neither has the gold and silver. The Ore and tailings are being processed and collected. The time you have left to throw dirt in the air is getting short. They will report yield and earnings soon which will prove who is deceived.
That was our blow off bottom. I expect a nice run up from here going forward. Our book is 40 million dollars. We have over 1 billion in gold and silver in the tailings and unrefined ore just sitting around. I think the 7.2 million is there for two reasons. SFMI needs to have all their ducks in a row for an aggressive drill program, due to the shortened season because of weather on the outside of the mountain. And if they are going to make an effort to drain the upper 4 levels of the mountain.
Worth mentioning is the fact that the silver we pull out of WEM will more then pay for the cost of bringing up the gold. I just never see anyone point that out.
RS must have gotten the data he needed from the private party he mentioned in his e-mail. With the lab we will be able to test drill samples really fast. I would not be surprised if we found some of that 25 oz ore relatively quickly. RS knows that the quickest way to move the share price is to report actual ounces of gold and silver per ton, and then to show the dore bars from it. When we can forecast monthly production of ore being mined, that will light a fire under the large producers. I am not concerned about timing to much as "time" will only increase the value of reserves in the ground and the increase in our share price.
We project that we will need about $300,000 of capital until we begin receiving steady revenues from the processing of tailings at our mine site
Awesome! Very reasonable.
Thanks MC for breaking down the 10K into digestable pieces.
Based on the conservative estimate of 14 ounces of silver per ton at 19.35 million tons of ore at 38.00 per ounce. Multiplication is my specialty.
When we are down here (under .15) I just remember that our book value is about 36 million dollars. Then I think of the fact that there is 19.35 million tons of ore. Our reserves are much higher then the 4 million ounces estimated. RS will prove that out. I would say that there is at least 1 ounce per ton. That equals 28 billion. And with a gold/silver ratio of 14 to one. We can expect 270 million ounces or 10 billion dollars in silver. Over all we are probably looking at 40 billion dollars at today's valuation. So I just look at what our stock price is and then compare it to what we're worth. Really puts things (such as time) in perspective.
I have to disagree with you bc. They will not wait to report good news from the refiner. They will report dore bars poured. I could see if your expectation is to get nothing but quarterly reports. And if there was no news I could understand your down playing new. But there are just to many irons on the fire not to report good news which will include earnings.
The Clock is Ticking! 4 days left and we will have some type of report. I hope they take the opportunity to do a little forward looking into exactly how many ounces can be consistently produced monthly. That is what will put us on the map.....EARNINGS!
I wish I had a cohort. Sometimes 1200 foot and 800 horse soldiers can come in handy.
TD and RBKMA, you're talking semantics. So they said "furnace" instead of "smelter".
Here is the PR:
BRADENTON, FL--(Marketwire - 02/03/11) - Silver Falcon Mining, Inc. (OTC.BB:SFMI - News) announces that up to December 31, 2010, 1,463 lbs. of concentrate was produced from the Belle Peck ore dump, averaging 185.74 oz/ton gold and 319.54 oz/ton silver. This material is being stockpiled as inventory until the Company has installed furnaces to facilitate the pouring of its own bullion doré bars. This will enable the Company to sell its bullion doré directly to the refinery; thus eliminating smelter fees and other related expenses that can be as high as 70%. This facility is planned to be operational within the next 90 days.
Additionally, the Company further reports that in December it started and continues to mill material from the Oso Tailings pile stored at its plant site. The concentration tanks were emptied of the Belle Peck ore on December 31, 2010.
On December 15, 2010, the Company started to process the OSO mill feed. Currently, the Diamond Creek Mill concentration tank contains only concentrate from the OSO. The Company will soon empty, dry, and assay this first run of the higher grade OSO material.
The plant is currently processing 2.5 tons/hour of material based on 2-twelve hour shifts. This current reduced production rate is a direct result of weather issues and reconfiguring the mill for additional installations of components. Once the installation of the belt press has been completed in March 2011, the mill will initially increase to 3 ton/hour or 1500 tons per month. The Company intends to increase output beyond 3 tons/hour upon the successful outcome of mill circuit changes.
In a continuing effort to streamline the operation, improve quality control and reduce its dependence on external companies for assaying, SFMI is in the process of purchasing its own laboratory. It is anticipated that construction will begin late February and should be in operation by April. This facility will improve the time required between collecting the sample and receiving the final assay (turnaround time). The Company, however, will occasionally use the services of an outside assayer to verify its own production figures.
Currently, assay turnaround time is approximately 2 to 3 weeks, whereas it is anticipated that once SFMI's laboratory is fully functional this will be reduced to one day and assay processing cost should decrease by approximately 80%.
Mr. Scammell, President, said, "As our continued commitment to Corporate Social Responsibility (CSR), Silver Falcon Mining, Inc. has embarked on a program to further reduce effluents. We are currently installing a Belt Press in the mill in order to dewater our tailings more efficiently. The current dewatering system only captures 50% of our solids with the other 50% going to our tailings ponds. The purpose is to recover and recycle 97% of the water and send a higher quantity of dry solids to the tailings. This press will greatly reduce the cost of maintaining the settling ponds, by eliminating most of them, and diminish our fresh water needs, allowing increased throughput. With these significant cost savings in place and in progress, SFMI continues and intends to be transparent with prompt and timely updates to our investors as we all look forward to a progressive 2011."
The President took shares instead of pay. They are installing a smelter. And they have the belief of money men to the tune of 7.2 million dollars at an unheard of 3% share price discount. Actions speak louder then words.
Newmont bought Fronteer gold. They paid 2.3 billion for 2.5 grams gold per ton. We have ounces per ton. FRG is at 15 dollars. I wonder what we will be valued at?
I have to say that the timing is great with me. Drilling will be over seen by someone who know how to read results. Before RS came along, we would have been just poking around in the dark. We needed to get the mill up and producing and funding our drill program. This way we are not making decisions with a gun to our head, we have the funding to make the "best" decision.
The "Show" is an incredible opportunity for us to have a marketing vehicle that will provide us years of free exposure through TV and internet.
Awesome. Its hard to keep up with all the positive things going on with SFMI.
Whats this about a second circuit? Can you elaborate? How many tons a day does this move us up to and such. Thanks
I'm actually liking that we are having a correction in the market including gold and silver. Much better then to be in the middle of a rally and this (the middle east, Japan, and everything else) happen. I would rather wait on news until the markets settle down.
Man the board is quiet for a good day. I miss Anton's encouragement.
Maybe if they improved their site, they could raise more investment capital to invest in sfmi