Silver Falcon Mining Inc. (fka SFMI)

[gsdreamer]

In my opinion SFMI has the permits or has confidence that they will have them soon. If not, why would they now be seeking bids for their planned 5000' drill program?

"Murphy, Id. -- (MARKET WIRE) -- 12/14/11 -- Silver Falcon Mining, Inc. (SFMI) announces that a bid request will be tendered for underground exploration services for the Company’s Sinker Tunnel project. The successful bidder will provide a comprehensive cost-service breakdown for blasting and drilling on the proposed project. A sizable chamber at the far end of the Sinker Tunnel is necessary, whereas a drill room will be created to provide drilling equipment access and mobility. Once the drill room is completed, SFMI plans on drilling 5,000 feet, using both RVC-reverse circulation drilling and diamond core drilling methods on predetermined geological targets within the Sinker."

Step by step everything is happening as advertised. Nobody is happy about the current stock price (well maybe a few are happy about it) But, investing is about the FUTURE. The time frame may not be in sync with everyone's expectations. But seriously, the progress on site has been spectacular in terms of construction speed and quality. IF they have the goods they will continue to be funded. And based on what has been funded so far, I'd say that BIG MONEY does believe that they have the goods, and plenty of it!

Also I would like to point out to those who believe the historical documentation, that there is good ore that has been previously mined measured in ounces per ton gold just sitting in the flooded mine shafts waiting to be recovered.

An ore analysis was reported by D.A. Yeager, and C.K. Ikona, of Pamicon Developments, Ltd. "Investigations indicate at least one year's reserves in place at the bottom of the Illinois Central; with ore indications of 11,205 tons @ 103 g/t Gold (3.6 oz Gold/ton)," wrote Mr. Yeager. So this translates to 33,000 oz or $33,000,000.

(closer to 50m at today's prices - just sitting there)

However, because of environmental concerns the water may not simply be pumped out. According with a conversation that I had with RS in September, DEP has required that SFMI spray the water into the air at a slow rate to allow the water to evaporate.

So again, patience is key here.

As I see it!

Have a nice weekend!