Silver Falcon Mining Inc. (fka SFMI)

[oryx]

Actually, the numbers we are getting now agree with what had been estimated from the numbers we had before.

I don't mind the $ numbers forcasts, recognizing that the data to make them real is not yet available. I keep wondering if the news release meant the first shipment was from the first twenty actual days of production, meanig May 17 through June 6. If so, there's a whole bunch of accumulated concentrate not yet committed to smelting.

The 508 lbs in 491 hours is right around what you would have expected from the previously published assay (0.75 oz/t), historical silver:gold ratio (14-15:1), and assumed lower startup processing rates of 40-80 tpd, along with non-optimal recovery rates. Check my previous posts for the calcs.

I doubt the shipment was from the first twenty days, since I doubt they were running 24/7 at startup. But they could have done the 491 hours in two months in one shift a day (Remember, the mill has been running 6 months, and 24/7 for well over a month). The 491 hours worth of concentrate is certainly not all they have, since they have been running 24/7 for a while, as re-confirmed once again today by Bobby Joe. They were running 24/7 at the time of the meeting a month ago, so let's assume 24/7 for two months. That is 1440 hours, three times what it took for that first 500 lbs. While we don't know exactly how many total hours the mill has run, it's certainly a lot more than 491 hours, and there's certainly more concentrate accumulated and ready to ship.