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Hey keep that on the down low until next week. I am picking up another 50k shares by then.
I think the share price you imagine is low. I think that if it was a one time smelting, maybe. But what we are talking about is consistent monthly earnings going forward. Right now this company is worth 40 million. When you are producing more then 5 million dollars month in and month out, I think the price per share should be at least 1.70. Any other guesses?
If the OSO tailings provide 2oz. per ton gold and 20oz. of silver per ton, at 60 tons per day processed we are looking at 3360oz. per gold and 33,600oz. of silver. Which would work out to over 4,700,000 in gold an 1,100,000 in silver. PER MONTH! $5,800,000 PER MONTH! Any estimates on what our share price would be at that number?
Based on 2oz. of gold and 10oz of silver per ton x 800,000 tons = 2.5 billion dollars with gold at 1,400 and silver at 33.00. That's what I'm talking about. And that's just tailings.
Bought some today. Buying some tomorrow.
So what are they going to use the smelting equipment for? A crock pot?
Isn't it amazing how much time the old miners spent mining, oh and killing each other for "no proven reserves".
Blythe Masters is the head of JP Morgan commodities. And she was one of the inventors of derivatives.
JP MORGAN is going to get hammered. Poor Blythe Masters. Bet she isn't getting much sleep these days. SFMI is going to explode. I will be buying more in the morning.
I can accept what you say on PQ in this post. But I am glad that there wasn't a future contract. It would have been better had they just held the concentrate and not even went for dore bars, as the bank would have funded on the concentrate alone. But, in the same respect, it is now in the past. The cost of pouring our own bars is insignificant, compared to the cost control gained by doing it. The smelter and the lab will increase profit and turnaround of PM and data to be mined. I am sure RS will add professionalism and weight to future PRs, and am confident that will add to the share price as well.
The bottom line is we will be moving forward on the processing of AU/AG with the tailings and with 43-101 at a time when precious metals are beginning a potential parabolic surge to new highs over the coming months and years. That in itself will more then make up for a few minor stumbles getting started.
I love this statement.
"The issue is that you have to CHOOSE what part to believe of what SFMI says... since it is NOT POSSIBLE that all of what they say is true."
Your whole statement is "OPINION". The only thing people have to choose between is their own due diligence, historical evidence including assay of tailings, credibility of new managements (RS) experience and commitment, progress in equipment purchase and expansion (smelter and lab), goals for 43-101, and what is being milled at present (OSO tailings)
and of course the opinion of someone posting on a message board named "downsideup" (who by the way had different opinions in the past).
Wait.....I'm thinking.....Ok made my decision. I'm going with the the first option. The only thing that is "NOT POSSIBLE" is anybody thinking that you and your "OPINION" have any credibility.
I agree, but my ability to afford PMs is such, that I have to risk it in a potential high flier to get to that position. And JPM miners is what appears to be my best vehicle at this point, as they can out perform actual metals. I base my decision on what I believe is the appreciation of PMs, the need for major mining companies to buy juniors and the destruction of fiat currencies. I believe that the dollars will chase the metals. First the above ground stores, then the stores that are underground and those who produce them. Metals have not even scratched the surface of the investment community let alone the public's attention. But you do see hints of it happening. The show "Goldrush" is one example. Another would be this weeks "The Mentalist". The show was totally based on finding the murderer of a gold miner. Plenty of people have been buying actual gold and silver. I just think eventually it will spread to the Junior miners like wild fire if/when there is a parabolic rise in AU and AG.JMHO
Thank you for sharing. I hope to do well in this stock too. But my time horizon is years or buy out.
Just responding in regards to such comments as "gag orders" and GHDC "pulling" the lease, along with RS doing the 43-101 (as I have not seen anyone post that RS will be doing the 43-101 "himself"). And in the case of Sinker tunnel, I was simply stating that I will trust in RS experience and give him a little longer benefit of the doubt then 30 days. For the benefit of the fence sitters and new investors as you referenced "the truth" in your response to my post, can you please example this "truth" in regards to a "gag" order, "pulling" leases, RS performing the 43-101? As I am a relatively new investor for both SFMI and GHDC, and would be very interested in the basis for your comments. Since they are after all "the truth".
The PR about RS becoming president was Jan 18th. They had a pr about production ore values and an 8k on Feb 3 and Feb 7th. And RS answered an e-mail recently. You consider this a gag order? And regarding 43-101. They have said that it is a goal. They never said it was RS doing it. What was said is that he could be instrumental in expediting it. The only ones talking about pulling leases is the bashers on board this site. When GHDC has already adjusted its lease timing by extending it instead of strapping the company with immediate monthly payments. Why don't you ever point that out? Because it doesn't suit your purposes I suppose. There is no "mess" in PQ controlling both companies. You said "Its just not the way things are done in the mining industry". Can you show us any proof regarding that statement? If you are so concerned, GHDC is traded as well and you are more then welcome to buy GHDC as I and others have done.
Regarding the permitting, RS can handle it. There is no magic to it. RS is also trying to purchase research on WEM, most likely from kinross. Now for the Sinker tunnel approach. Since RS is the geologist and he is actually "on site" with his little hand held analyzer and 40 years experience, I guess I will trust in that rather then an anonymous poster throwing up dust on some message board.
I think I will give the new president at least a month and maybe a PR. I think he deserves that.
I also rely on the DD that Roger Scammell has done. This 64 year old geologist/geoscientist leaves the presidency of an established precious metal producer for a HISTORICAL producer of AU/AG. He doesn't take a wage. He takes stock in this company. Why? Because he knows whats in war eagle mountain and how to get it out.
We have no proof that the sun will rise tomorrow either. But we have it on good authority. We also have it on good authority that the gold and silver is there in WEM, its called historical evidence. And the size of the silver nugget pulled out of the poorman mine.
There is over 6 billion dollars of silver in WEM at 32.00 (10oz. per ton at 19.35 million tons of ore). That in itself is awesome.
The Helipad is not there for RS,PQ or runs to the dairy queen. It is there for one thing. To transport dore bars. Much safer then driving over open road.
Awesome bobby joe. I like to see the leftover piles.
PPI UP .8%! What do you think inflation is going to do for this stock and other JPM miners? CPI out tomorrow.
Folks, the news is the latest PPI numbers. UP .8% THIS COMES TO 10% A YEAR. Good news (if rampant inflation is good news) is not limited to PCFG. Tomorrow we get the CPI number (excluding food and energy). I am looking for a big jump in it also. All this is part of PCFG and SFMI puzzle.
As I have stated. Banks will finance concentrate. All they have to do is start producing.
The way I look at it is that I am a long. I try not to be concerned with the day to day price. What my goal is, is to acquire as many shares of junior as possible as quickly as possible. The price will come eventually. I am a gold bug who believes that world currencies are inflating to zero. What helps me is that I consider the known gold reserves in the ground as just being in a different kind of vault. The higher the price of gold goes. The more valuable they are. So if they are not mined today, they will only be worth more tomorrow when they are brought to the surface or when the company is bought. May sound simplistic to some. But I am talking psychology.
I can hear the shorts chewed nail clippings hitting the floor. What a sweet sound.
SAWHEEEET!
What are the estimates for appreciation this morning? Any takers?
This is awesome. I bought 50k shares on Wednesday last week because I couldn't get my order filled on GHDC. How fortuitous. Go figure.
Let me understand this then. RS takes 4 million shares worth 250,000. And to pay for it he dilutes the stock, thus giving himself a pay cut. When they could buy back shares and simply give him those shares thus increasing the value of his stock. Which would you do?
Our own sequel to "RETURN OF THE KING". Welcome back Anton.
We may not have to have smelting done outside (risky, people get cheated pretty easily). Bank will loan finance based on assayed concentrate. We should just stock pile concentrate till we can pour our own dore bars.
they are small. And would be in the building. Chances are they do not have one, as if they don't have concentrate to run it yet. Silver falcon mining went outside for their first dore bars, and it didn't work out well (no big deal as it was just tweaking material). I am sure they will want to produce their own dore bars as the equipment will pay for itself and be more efficient in turnaround.
My understanding is that it is hand loaded. There is just not enough material to do an automatic feed. JMHO
A tilt furnace that will smelt 3 liters every 45 minute costs about $50,000.00
http://rdoinduction.com/tiltpoursystems.htm
Whodowl's numbers are more accurate. Why? One, because the equipment has to be set up properly to keep the warranty intact. Two, we are working with fine gold here and things have to be tweaked to actually perform the way they should. Just watch "Goldrush" and see what not doing things properly will get you. Months of waisted time. I prefer 2 to 3 weeks of tweaking to months of running below optimum. We are talking a half a gram per ton here. Not a whole lot of room for error with that amount of gold.
That would be the effect. RS will not want to dilute as this would dilute his interest also.
Imagine what this would do for PCFG.
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=120409&sn=Detail
Don't need to prove you wrong. Just ignore you.
Then that only makes China's move even more earth shattering. If I was Ron Paul I would ask for a tour of Fort Knox and if I could randomly take 10 bars for assaying under the watchful eye of a couple of army guards of course.
China's goal...More gold then Fort Knox.
http://www.miningweekly.com/article/david-hale-2011-02-09
How bullish is this for gold.
China's goal...more gold then Fort Knox.
http://www.miningweekly.com/article/david-hale-2011-02-09
How bullish is that for gold.