Here's how to value SFMI - It is based on information that is confirmed and that which is currently estimated as follows:
Confirmed Info - 150+ Tons of Tailings being processed per day - potential to increase to 400 Tons/day.
400k to 500k tons of tailings available for processing
Estimated Information -
1 Oz of Gold equivalent per ton to be processed out of Tailings.
Based on these #s one can project Revenues for 6 months of this year to be 180 days X 150 oz.s/day = 27000 oz for 2010 X$1200 per oz = $32.4 = Estimated Rev.s for this year.
Next Year you can expect SFMI to generate 5 to 6 times this # which is $150,000,000.00 And this does not take in to consideration the Metals still to be mined out of the site.
Based on this if you still feel this is a bad venture please explain to me where I have made an error. Thanks.