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.
