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Re: your1banker post# 17741

Wednesday, 08/04/2010 1:44:28 PM

Wednesday, August 04, 2010 1:44:28 PM

Post# of 65657
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.

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