Silver Falcon Mining Inc. (fka SFMI)

[oryx]

Not true.

SFMI needs cash desperately.

Yes, they need funding to proceed with the business plan, but they are not "desperate", and never have been. There is big money behind them. "Funding can dry up in an instant"- of course it can, but you could say that of any company. As an investor, you evaluate the chances of that happening. SFMI has funding now- and from a number of sources, so the likelihood of every source drying up at once is pretty low. And even if all the sources dry up? Well the mill is producing more than it costs to operate, and will be doing even better when the expansion underway is completed. Even if every source of funding dried up, at worst they scale back to what the mill will fund. And BTW, if every source of their finding dried up at the same time it would probably be the result of problems much bigger than SFMI which would make your investment in them the least of your worries.

The tailings are not profitable. To be profitable they would have had to sell enough metal to recoup all of their expenditures for the mill and labor and business expenditures to date.

Huh? SFMI owns the mill and mill property and equipment (though with a small mortgage on the land which they may have paid off with shares, I'd have to check). The mill itself produces more than it costs to operate. Would you shut it down because according to you it's not "profitable"? And if you look at the costs of constructing the mill, you'd know that it won't take long to recoup even that. You can't say that the mill or tailings are not "profitable" just because SFMI has spent large amounts elsewhere, such as the Sinker rehab.

That day is not today. Nor tomorrow, nor next year, if ever...

The mill is running at a profit. Again the question is "Would you shut it down?". And that profit from the mill operations will greatly increase when the mill expansion is complete. Will the mill operations using the waste ore ever be profitable enough to support the other operations? Most importantly, until the mining of new, much higher grade ore begins? Maybe, maybe not. But if you run the numbers, the mill right now will definitely be subsidizing the rest of the operations, and after the expansion will be very close to financing the whole operation, possibly running at a profit. Which greatly reduces the amount of money they will need to reach the point where they are mining new higher grade ore. Then the real fun begins.

Permit? What's the delay? If all you need is a permit to get to ALL THAT GOLD FLOWING IN THE TUNNEL and to finance your operation why are you not permitted to mine?

You know what's required to get a permit. SFMI has had to jump through numerous hoops, and then ended up with more months of work to do when MSHA belatedly decided they had to rockbolt the entire tunnel. And with the recent mine accidents (including a couple of recent ones in Idaho), you can be very sure that MSHA is going to be very strict. Mining is inherently dangerous work, and getting a mining permit is not the same as getting a fishing permit.