Because I talked to management a couple of weeks ago and
my undertanding of the conversation points towards what
I stated in my post. There is no revenue on Silver Falcon's
part of the equation yet. On GoldCorp's side of the equation,
there might be...but, we don't own GoldCorp. How Silver
Falcon will take over the operations was not revealed at the
time. However, I got the distinct impression that no revenue
would be generated until the spring, and that the dumps would
be the first target. The dumps would be the experimental
testing ground for equipment needs, personnel training, and
process design. For anyone to think that Siver Falcon will
generate huge profits during 2008, is wishful thinking. It
won't be until 2009 that any of the mines could be brought
on-line with any volume. That is the nature of mining. With
that said, though, don't under-estimate where this company
is going down the road. Within a few years, this company could
very well be generatig $ 20 - $ 50 million a year in revenue,
just based on the existing mines, the gold present, and a
realistic timeline of things that can be done.
Let's not get ahead of ourselves and place fanciful dilusions
of what can be done. A train pulling 200 coal cars cannot get
up-to-speed in the first mile of track. The track is laid
and the engines are started...now we wait and watch.
$ .08 is extremely cheap for this stock.
