Silver Falcon Mining Inc. (fka SFMI)

[kag_sfmi]

MC- Thanks for posting the Q. I'm not sure what people were expecting from this report. Actually, I didn't think it was all that bad...what do you expect, we are expanding a mill, building a lab, building a smelter, and improving the sinker tunnel...all without selling concentrate. Of course we are using/losing money. Frankly, I am shocked our O/S is not way above 300 million.

Anyway, the thing that disappointed me was that the inventory number stayed the same. Clearly we have more concentrate (defined as "finished inventory" in the Q) now than we did at the end of 2010, so why not report it? Either it was an oversight or there was an intentional decision at some level to omit it.

I don't post much anymore, but do enjoy reading your posts (along with the posts of some others like Bobby Joe). GL!