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Re: Garick post# 20671

Sunday, 09/19/2010 8:23:40 PM

Sunday, September 19, 2010 8:23:40 PM

Post# of 65657
Firstly the production costs of $50/ton is way off.....so far they have zero revenue and over 4 months of production costs, so in my books thats in excess of $50/ton.....now of the top comes $83000 + $10000 to Ghdc for every month they are in production...next there is paycheques to the Quillian family of $34000/mon and paycheques to other board members and admistration personel....are you still with me....ok then we have paycheques to truck drivers, heavy equipment operators, lab techs, contractors and mill workers....ok there is fuel costs, remember this mill has its own gen sets for power....maintainence costs...supplies and wharehouse rental.....I am just getting started, I cna go into the admin costs and other costs associated with running a company......$50/ton???? I don't think so....they do not own or have a clain to the poorman mine....you use a term to describe the piles of unprocessed ore, or over burden or whatever is on the mountain....that is actually the correct word for what will happen to SFMI stock in the coming week,it will go into a tailspin and be a long time recovering....asI see it

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