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Re: oryx post# 39938

Monday, 09/26/2011 4:34:40 PM

Monday, September 26, 2011 4:34:40 PM

Post# of 65657
Winner sounds great! Love it.

And that shouldn't be a concern for very long. At a burn rate of $12M a year, that's about 12 dore bars. It took them a little over a month to produce that using the smaller smelter, so if they can produce a bar a month, they will already be break even. And that's with the smaller smelter. Wonder why they are building a bigger smelter?




Can you even think where the SP will be the day they PR they are break even or making money!

The issue for me is:

SFMI has backers who will continue to finance them as long as it takes- which won't be long now.




to me that = short term lower SP and a chance to buy back in at a lower level. IMO - we will see!

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