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I think we should all sit back and say WOW.
Think about this stock for a second.
35 days ago it was 000 bid, and the company was non-existent.
Buying started, and no selling was seen.
On last Thursday, we saw our stock hit the mainstream again.
300,000 shares in the first two days, and no-one knows we exist.
Considering many other companies see no trading when they begin,
this is amazing.
Whatever your previous experiences have been, this is damn good.
I think that we should all tip our hat to Pierre.
How many posters are on this board, or even follow this stock ?
4 ?
Think about it.
This stock is going a lot higher.
Let's have some more valuation comparison examples.
Take USSE ( U.S. Sustainable Energy )
This has been a fun stock, which has no value and no
promise of value. It dilutes the hell out of its
shareholders and always seems to be nearing production.
1 year ago, there were about 300 Million shares.
Today, there are 1.5 Billion shares.
At the peak in 2007, USSE had a valuation of $ 240 Million.
Currently, it has a valuation of $ 37 Million.
In comparison, SFMI would have to reach $ 6.85 for the
peak of USSE to be equaled. At the current price of
USSE, SFMI would have to reach $ 1.05.
At the current valuation of just $ 9 Million ( $ .25 ),
the above is just food for thought when you wonder what
the possible price potentials are for SFMI.
I am sure that sampling and drilling results will
be coming along at some point in the future. There
was a lot of activity on the mountain last summer
and fall, so some kind of information was generated.
I am sure that the buyers during October knew something
that we don't. I've been in this market for a long
time, and I have never seen trading like I saw in SFMI
during October, and during the first two days of trading
this last week.
All buys, and no sells.
Let's do a comparison of potential values.
Take Aurus Corporation ( AURC ) as an example. This stock
is a popular stock on IHUB.
AURC has nothing.
Lot's of promising words, but nothing else.
It's in Russia.
Why anyone would trust someone who says they have
a gold mine in Russia, is beyond me. You can't
touch it, visit it, or confirm anything they say.
Aurus ( AURC ) has 326 Million shares.
At the high in '07, it had a valuation of $ 65 Million.
At the current price, it has a valuation of $ 16 Million.
Compare that to Silver Falcon Mining ( SFMI )
35 Million shares.
Current valuation is $ 9 Million.
War Eagle Mountain is real, can be visited, and the
facts can be checked at the local BLM office. It has
a known history, and has proven gold reserves. The
mountain is in the United States, safe from political
risks, and safe from monetary risks.
NO COMPARISON IN THE TRUE VALUE between AURC and SFMI.
If SFMI were valued at the AURC current valuation, this
would represent a $ .75 stock price. If SFMI reached
the highest valuations of AURC, then the price could
easily hit $ 1.85.
I tend to think that SFMI is worth a lot more than AURC.
I think SFMI is still absurdly cheap, and it is only the
beginning of this current rally.
War Eagle is a grandorite core mountain. This means
that it is predominantly granite. Granite is a very
hard substance to try and mine in an open-pit method.
Try using a jack-hammer on concrete and see where you
get. The Mountain is only available to underground
mining, with shafts and adits, and heavy crushers.
DeLamar and Florida mountains, next door, are volcanic
in nature. This material is softer, almost brittle.
Easily blasted, scooped, and crushed.
Kinross Gold is predominantly a miner of open-pit
type properties, and really doesn't like to deal with
underground operations....much more expensive and
labor intensive.
This is one of the reasons why War Eagle has been
sidelined for so long. The price of Gold needed to be
at a high-enough level where it made sense to expend
the funds required. They did a little mining back in
the late 70s and early 80s, when the price of Gold
was last this high. But, the price of Gold collapsed
too quickly ( back to the 200 - 400 range ) for the
operation to turn a long-enough running profit....so
they stopped.
The last I heard, ore from War Eagle costs about
$ 400 per ton to process, by the time you add everything
into the equation. With Gold only above the $ 400 level
in the past 1-2 years, it is only now beginning to make
sense to re-open the mines.
You have to remember, or factor into the equation, that
the average yield is 2.5 ounces per ton. This means at
$ 300 per ounce ( the lows in the 90s ), you would have
about $ 750 in revenue per ton. Take into account the
expenses of $ 400, taxes at $ 150, and capital equipment
set-asides of $ 100 per ton, the profit was only about
$ 100 per ton ( at $ 300 Gold ).
Not really worth the effort.
At $ 800 per ounce, a very nice profit can be made. At $ 800
per ounce, you have $ 2,000 per ton in revenue. Take out
$ 400 in costs, $ 600 in taxes, $ 100 in capital equipment,
and you have $ 900 in profit, nearly 9x as much as at
$ 300 per ounce.
If Gold soars over the next 2-3 years to $ 1,500 per ounce,
a huge profit could be made. Revenue of $ 3,800 per ton, and
a profit in the neighborhood of $ 2,000 per ton, or nearly
20x as much as much as at $ 300 Gold per ton.
It's all a numbers game, dependent on the price of Gold.
Anything above about $ 600 per ounce on Gold is the start
of a parabolic return on investment.
Down the road, assuming an awful lot of things, this stock
could be worth a great deal. Of course, there are a lot of
assumptions along the way. We will need to first see the
results of any drilling and sampling that the company has
done. We also need to see what their plans are for the first
season on the mountain in 2008, or what may have already
been done on the mountain in preparation for the 2008 season.
I am willing to give the company some time to convince
me of their intentions. I know that the mountain has the
gold, that is not even a question.
There is nothing stopping the public from buying the
new symbol-stock. It will go into the buyers' account
as SFMI.
Market-Makers could be shorting the stock, since there
is obviously a shortage of stock at the moment.
However, I think that previous owners can still sell
their stock by calling their brokers. Just because the
certs are being transferred, does not mean that you can't
sell your stock that was in your account prior to the
name change and symbol change. It is just a book-entry
for the broker. If you owned the stock prior to the
split, you DO HAVE ownership, and therefore the right
to sell. The broker will get the certs early next week
and just adjust his position, against whatever you sold.
By the way, we are running about 70 million pre-split
shares per day on the volume. This is in-line with the
volume before the split. This is good news, as it shows
the buyers are still accumulating stock and that the
current price doesn't seem to phase them in the least.
In the last 30 days, HAVE YOU SEEN ANY SELLING ?
NO.
Only buying, so far.
This tells me the price is still on an upward path.
Don't worry on the ore part...it's there. This company
is NOT a "Wish-Hope-Pray" that the gold is there, -type
company.
But, nothing happens overnight. It will take time to
develope the mines. It will start slow, and take time.
War Eagle Mountain is probably the most valuable piece
of Gold ground in the United States. Whenever Silver
Falcon starts releasing the drill information, this
will become apparent.
In the meantime, Silver Falcon needs to build a
shareholder base for liquidity.
Based upon the start of trading, and taking into
account the number of shares and the REAL value
these shares should have....I would place a true
near-term price of $ 2 per share on the stock. This
should be the stock value on a pre-production basis,
even if just valuing a multiple of the mining rights
held by Silver Falcon.
Remember, at $ 16.8 million for the rights, this is
$ .50 per share alone in value. So, at the current price,
the stock is not even yet reflecting the value of the
rights to mine the property. The RIGHTS are an ASSET
of the company, and could be resold, if necessary.
It also explains why the earlier buyers, and the current
buyers ( 2 days into trading ) are willing to pay up to
$ .35, so far, for the stock. All buying to date has been
strong, with almost NO selling. We have all seen that.
Within 4-6 years, with all the mines operating, a
profit stream of about $ 2 per share ( at $ 850 Gold ),
and a PE ratio of 20, it would result in about a $ 40 price.
However, this price is down the road, and should not
be confused with near-term reality.
Make no mistake here. War Eagle Mountain HAS the
Gold. It is abundant. It is proven. It HAS had previous
production to the tune of $ 200 - 300 Million. It's
neighbor ( KNIROSS ) has pulled $ 1.8 Billion out of the
ground on the SAME Gold trend.
It's just a matter of openning the mines again, and that
takes time.
I'm in the same boat. No certs transferred yet.
However, I think that it is actually a blessing.
I would have been tempted to sell some already.
But, looking back at the pattern that the buyers
have exhibited over the last 5 weeks, I highly
doubt that $ .35 is the top. It's only been two
days into the new symbol.
Frankly, only about 300,000 shares have traded
so far....Amazing in itself, considering its new
and no-one knows about it. If you add up the number
of shares bought prior to the symbol change, you
come up with 4 million or so.
It seems like an awful lot of stock to buy, just
so they could make a profit on 300,000, then
crash the stock. Even at $ .35, they would lose
more money on the already purchased stock, than
they would have made on the 300,000 sold stock.
Another point to consider is the fact that about
90 % of the volume over the last two days were
done at the ASK, not at the BID. There was no
selling by the people who bought before the
symbol change.
As a matter of fact, it appears that the same
people who were buyers before the symbol change,
were at it again over the last two days.
I BET THAT THE PRICE IS GOING CONSIDERABLY HIGHER.
There is a bigger story here than you think.
My opinion only, and although I have not been
perfectly right on my prognostications about this
stock, I have been predominantly right. It is my
belief that the best is yet to come, and it will
take your breath away.
You're comments have me a little confused.
The reverse split already happened.
By the way, the stock hit $ .35 today, over twice
the high reached in October.
AND, NOBODY even knows this stock exists yet.
No traffic on IHUB.
No traffic on RAGINGBULL.
Wait until the drill results hit the wire.
OH BOY OH BOY OH BOY
FIREWORKS.
Doesn't anyone realize that buyers didn't freak out
a $ .0008 ( $ .16 post-split ), and they are still
buying at $ .0016 ( $ .35 post-split ). That's up
1,600 % in 30 days, and still no sellers.
I can't wait to hear the comments of those who sold
and didn't believe, when they see what happens next.
Now, this is BREATHAKING.
This explains the lack of concern by the buyers
during October at paying $ .0008 ( post split $ .16 )
for their shares.
LOL
News Release
30 days ago, and all during the month, you could have
bought all the stock you wanted. It's all at a profit
now.
There was plenty of warning, and plenty of signs that
something was going on with this company.
If you didn't buy because of past issues, I'm sorry.
30 days ago this was a non-existent company, and your
stock had no value. Today, it is on the upward slope
to having SOME value.
What you do from here on is your decision.
For me, I have been buying, and feel pretty good.
1:200 correct
Don't get ahead of yourselves too much.
It's winter on the mountain.
Mining can't take place until next Spring.
In the meantime, I am sure they will be announcing
the drilling results from this last summer. There
was a lot of activity on the mountain.
Well, decent first day.
Good news.
What more could you want ?
News out.
BLOCKBUSTER
You may have a point.
About 800 Million shares were bought prior to today,
up to $ .0008 ( Which is $ .16 post split ).
They then let it come all the way back down to $ .0002
and $ .0003 ( $ .04 to $ .06 ) without selling a single
share. They just turned off the buying.
It looks as though they were fishing for some cheap shares
from bailers and non-believers.
Today, they just sat on the $ .0002 ( $ .04 ) bid and let
those who wanted to sell.......sell. Then, at the end of
the day, buyers stepped in and took it to $ .0005 ( $ .10 ).
I feel sorry for the shareholders of the old DICUT; but,
that company died a long time ago. The new owners, who I
can only surmise must be the Wyoming group, swept up all
the free stock available over the last 30 days.
If they weren't too concerned about paying $ .0008 ( $.16 )
for their stock, it must be worth a lot more than that.
I think we will soon find out.
The days are counting down.
The current price is absurdly cheap, and selling ANY
here is simply foolish.
Just my opinion.
Prediction :
Silver Falcon will be the biggest gold play of the year.
The average ore processed from all the mines on War Eagle
Mountain was 2.5 ounces of Gold per ton before they were
shut down due to low Gold prices.
THAT'S 2.5 OZ OF GOLD PER TON !!!!!
THAT'S documented in BLM records. No doubts, no fudges,
no estimations, no lies, no playing with numbers. Pure
fact !!!
Today, we are close to $ 800 per ounce for Gold.
THAT'S $ 2,000 per ton in average processed value.
What else is there to know or understand ?????
When people use their brains and realize the numbers,
this stock will be sought after.
In the meantime, we wait for the new symbol and the
awakening of this stock.
It looks as though the posters on this board were only
posters on the way "UP". Now that the stock is correcting,
with no interest, they are no-where to be found. Oh where
oh where are the believers now ?
What a riot.
I hope you all sold your stock.
I have no idea what is going on, and will never know
what is going on.
All I DO know is that the mountain is valuable...it
has a LOT of gold remaining in the mines. Everyone
on the mountain has told me that.
With Gold at the current price, it is profitable to
re-open the mines and extract the ore.
So GoldCorp owns the land, and Silver Falcon has the
rights to open the mines. Who owns which one of these,
and how much of each, is beyond my ability to ascertain.
Silver Falcon should make a lot of money over the
coming years, and so should GoldCorp.
That's all I need to know.
That's all I CAN know.
That's all I will be ABLE to know.
Some of the increase in shares went to the creditors
last year.
I'm baffled.
The only thing I can think of is that they are
waiting for the symbol change at NASDAQ.
In the meantime, they pull the bids and see what comes
out...is my guess. If it is going higher, it really
doesn't matter to them what the near-term price is...
it just affects end-of-day mark-to-market values, not
the end-result a month from now.
As far as the number of shares, and where it all
went, I have no idea. We can surmise that the
Wyoming group did a takeover of some kind, but how
they did it, your guess is as good as mine.
Underground mining is not generally profitable
until a high enough price of Gold justifies it.
This price, in the US, is about $ 500 an ounce.
We have not had this price level until the last
year or so. The last twenty years have seen the
price of Gold at around the $ 300 level. It is
only now that underground mines look attractive.
Go read the website on the last production yields
of the mines. They ranged from 1 - 4 ounces of Gold
per ton, before they were shut down due to low Gold
prices. Now, with elevated Gold levels again, they
can be re-opened.
You expect them to buy EVERY share available ?
From what I can tell, someone has already bought about
800-900 million shares in the last 4 weeks.
It would appear to me as though they are waiting for
all the paperwork to complete on the merger.
There is no stock available.
As it was $ .0005 x $ .0006 just now, I put in an order
at $ .0006.
They filled me $ 6 worth of stock, and moved the ask
to $ .0007.
MM BASTARDS.
The commission alone is more than the fill !!!!
I am sure that we will soon hear about the drilling and
sampling results. Remember, I have been telling this
board for the last 4 months that SOMEONE was doing an
awful lot of drilling, sampling, excavation, and building
work on the mountain. It is obvious now that Silver Falcon
and the Wyoming group were undertaking these efforts.
In the meantime, Silver Falcon was only formed last
week. I think we should give them more than a few days
to put together the operations team. I think that is fair.
As far as the dumps, they are the easiest to process. This
lets Silver Falcon's team gain a couple of months of
on-hands experience with the simple stuff, before tackling
the harder stuff. A new team does not just walk into a
Nuclear Power Plant and start pushing buttons. A little
training time is always appropriate.
We don't know the whole story, and how the pieces fit
together, or who is involved, or what has already been
done, or anything else, for that matter. All I know is
that a ****-load of money has been spent on the mountain
during the summer, and it was not done to plant flowers.
You don't just march up to the mountain and start
mining.
What a riot !!!
MMs mark the stock down 30 % on $ 12 worth of stock.
AND, still no stock panics and sells.
Since it is obvious that a reverse is coming, I hope that
the past shareholders of DCUT have picked up some of the
cheap stock over the last 3 weeks. There certainly has
been enough time, and enough evidence, to justify an
increase in ones' position. It is not like this has been
a surprise. We all knew something was up, or at least should
have realized something was up. Although some of you might
not like Pierre, it should not have stood in the way of
speculation. And, from what I hear, Pierre is not necessarily
pulling the strings anymore. There is a much bigger story
going on here than the old DCUT or its management, and one
should factor that into one's decisions and opinions. If you
keep your mind on the past, you may miss the future.
My contacts are a little more free to talk now, since
the news is out on the website.
GoldCorp is the holding company for the land.
Silver Falcon is the operating company for the mines.
Makes sense.
As far as the creditors are concerned, they have
certificates in hand. It will take quite awhile for
those certificates to be changed to free-trading shares.
If the creditors want out, then they are welcome to
leave. But based on what I have learned about the
mines, the income to Silver Falcon will be enourmous.
The creditors are in at $ .001, which is still above
the current market price. That still leaves some wiggle
room, and time before they might sell
Also, from what I have heard, it was the original
owners of the land that bought DCUT as a shell.
The original LOI morphed into a buyout of DCUT.
Pierre is just staying on as a continuation of the
management.
It is obvious that a reverse split is coming. There
was a merger with DCUT, with Silver Falcon the surviving
entity.
With 13 Million shares float, that is not that much
stock. Even with 35 million shares outstanding, the land
is worth more than the current trading price ( reverse
adjusted value? ). So, I would imagine that the price
is going higher.
At the high, and NO sellers.
This is so cool.
Did you read the PDF file under "Investor Relations"
on the website ?
Talk about news.
When this gets out, you won't be able to buy ANY shares.
Those who sold just missed what could be the biggest
mining stock of the year, in my opinion.
This is the most beautiful 30-day chart I have ever seen.
Nevermind.
I had an order in at the ASK that wouldn't fill for the
longest time.
I don't think that there is ANY stock available.
Has DCUT halted trading ?
If you have any doubts as to where this stock might
be going, check out the Silver Falcon Website.
Read the PDF file.
www.silverfalconmining.com
I'm amazed at out "under-the-radar" this whole move
on DCUT has been.
NOBODY even knows that the stock has been accumulated.
There's maybe 4 people on this board.
600 % and not a peep.
Not a share available.
No word anywhere.
AMAZING
aye, aye.
Good points.
It's unlike any PUMP that I have ever seen, if it is
indeed a PUMP.
All buys, and no sells, for 3 weeks.
No news during the move. No PR effort. No spreading
of the news to other IHUB boards.
Just silence.
accumulate, rest, accumulate, rest, accumulate, rest.
Then, at a 600 - 800 % gain, it sits with no sellers ?
I tried to get stock at the bid on Thur and Fri, and
got about $ 800 worth of stock. That is not exactly the
sign of someone trying to sell me stock.
Highly doubtful this is the end of the move.
Where it is going, however, is another question.
Obviously, the news would have to be about the mountain.
DCUT formed Silver Falcon for a reason, not just to have
a pretty name.
The June LOI announcement mentioned royalties on the
mountain. However, I doubt that this is the only thing
that is happening. I can't see changing the name, and
creating a new website geared toward mining, if they
were only going to hold some royalties.
I sense, from conversations on the mountain, that something
much bigger is in the cards.
I just wish this would happen, and we would know what the
hell is going on. I'm getting tired of waiting.
One nice thing though, there doesn't seem to be any rush
by the buyers over the last 3 weeks to unload their stock.
Relatively no stock was available at the bid over the last
couple of days. They seem to be holding.