Silver Falcon Mining Inc. (fka SFMI)

[bc322032]

Good post = SP much lower IMO!

My wife hates it that I am always right. IMO I am spot on - on this one too.

Management believes before the conclusion of Dec. 2011, that SFMI will be able to show a nice revenue number from its operations.

Sales but no income is what I take from that. I also like, as others have pointed out, no talk about the "3" 1 million dollar shipments by year end. Keep in mind they must ship at least 2 EACH MONTH OCT/NOV/DEC just to break even to make money and cover the BURN RATE. If the burn rate is what I think it will be for the rest of the year they will need 6-7 of these million dollar bars to BREAK EVEN EVERYONE!

Even the most exuberant "longs" are not yelling there will be 6 or 7 bars shipped in 2011 by year end.

So, where will the money come from? Yes loans or shares sold. Either way dilution. Either way SP is going down down down.

Support seems to be around .055ish range. If we can not hold 5 cents or if PR of massive spend for last Q hits I should be able to buy all I want in 4-5 cent range or even 3-4 cent range on news of spend for current Q.

My plan, as I am very open about this, is:

15% buy back in 4-5 cent range
35% buy back in the 3-4 range
25% buy back in the 2-3 range

SELL if 2 cents does not hold and run for the hills.....

We will what happens next but I am excited about PR firms email.


BTW the fall colors over here in Europe are just breathtaking. Thank you longs for buying my free shares at high levels so I can enjoy this trip with my wife!