Well, I live here, and I know the mountain.
I think that Rich may be a little confused on 1 or more
issues. He needs to talk to the president of the company.
IR people don't always have the correct information, or
they tend to get confused a little.
There is no mining going on anywhere on War Eagle Mtn
at the moment. The first snows have started and it would
be impossible in the current environment to mine. The
company will need to construct facilities and bring in
equipment before they could work during the winter. Only
snow-mobiles will be able to reach the mountain until about
March. Once they get some snow removal equipment, living
quarters, etc constructed or placed, then there will be
no problem for year-round activity. I would expect these
activities to occur during 2008.
As far as the dumps or the mines are concerned, my
understanding was that they would be targeted for March-
April commencement, next year. In the meantime, the build-up
activities will occur down in the valley.
As far as revenue is concerned, I don't think that Silver
Falcon has booked any revenues yet. I don't see how. They
have, however, probably spent a lot of money, along with the
Loatian group. This last summer was busy, and cost someone a
lot of money. Again, I doubt SFMI has income yet.
I really want to stress that Silver Falcon will NOT become
a $ 10 Million, or $ 50 Million, or $ 200 Million producer
overnight. The year 2008 will probably be an experimental
year, testing equipment on the different dumps and mines.
A lot needs to be done before a juggernaught can exist. Keep
this in the back of your mind when you read posts on this
board.
Other than that, the gold is there; and, Silver Falcon is
going to go and get it. The question will be "How fast" ?
The answer has to be "In a reasonable amount of time...but
years, not months"
