Now we find the o/s count to be at 293 million and that is up from 173million just a few short months back....120million in dilution, yes I can see they have funds for the operation at this time, however at the current burn rate with no revenue there will soon be more new shares...I am notone to say I told you so, but if anyone were to read my posts from before the shareholder meeting and the last NR you will find that 95% of the things I have said have now been proven to be correct....and what I am about to say will turn out to be correct as well....if SFMI can not find a way to ramp up thier processing rates to at the very least 700tpd they have zero chance of success....at the current burn rates and because of the stucturing of the companies 700tpd with a average grade of at least 16 to 18gpt they will just barely break even and that is if they do not skim along the way....there has never been an operation that has made a profit from tailings....now these huge piles may have some ore that shows acceptable grades, however once they get a little ways into the piles they will find that it is mostly waste and overburden...I am sure at this time that is why they have been having so much trouble dialing in the mill, because of the waste and over burden that is in the piles that were brought down from the mountain....it is not as if it has not happened before...you can bet much of these things are known and that is why the companies are structured the way they are....some will leave with alot of money....very unlikely to be the shareholders...as I see it
Paid
AI
