You do know Daniel Gorski is a sham, right? He stated that there is a $1B deposit of silver in the mine when Laws paid him to make the statement in his geological survey. Daniel Gorski has been 100% wrong on everything he has stated about SFEG.
Now, with that said, the ONLY thing that came out of the bogus report is that they are shipping 1500 tons of ore to be smelted. Nothing else has been state. Basic mining, all ore is panned or measured to have an idea of what it is worth. Any 10 year old would know that. That information should have been part of the estimated value of the 1500 tons. So, this leads to the real questions:
Why did they not provide data on their sample test of the ore?
If they did take sample tests and accumulate shares without making that information public, that is insider trading and the key members will be going to prison.
Based on past data, even on the top of this page, the estimated value is $330 per ton. Gold prices are about the same which means this 1500 tons is only worth $500k. Do you not realize that SFEG has $300k in monthly loan payment for the next 9.5 years?
In order to meet those loan payments, operating costs have to be no more than 20%. That would leave $100k for all other expenses, maintenance, equipment, etc every month. This assumes that the ore grades are accurate and they are usually inflated.
So, why did they not list their monthly operating expenses, the cost to get the 1500 tons of ore, the cost of the smelter, and the 2% perpetuity payments?
My recommendation to you is to get educated and truly understand what it takes to be a mining company. Understand what the money going out looks like, what the monthly expenses are, the cost to move 1500 tons of ore to a smelter, and the price they charge for smelting or the percentage they get. There is a minimum and I mean minimum of $400k in expenses for 1500 tons of ore. Now, they need about that much every month to break even. They have been mining for 6 months, yes 6 months, to get that much. How do you expect them to get the 2,000 per month they mentioned? There is no data or information on how they plan to do it. The capital required for the equipment to do that much work and maintain it is insane. They are looking at needing $Ms in equipment they don't have. A $50k monthly profit is no where near enough to get a loan for that large of a capital investment.
With all that said, lets be serious on the uphill battle instead of random conjecture. What happens if the 1500 tons of ore is only worth $100 per ton? They will be operating at a $250k loss per month. What happens then?
