"Further, the Company announces that a second delivery of 'Bullion Dore' is being readied for shipment to its contracted North American refinery. Payment will be received prior to the close of the Company's fourth quarter, December 31, 2011. Future regular deliveries of 'Bullion Dore' will be made to its two approved refineries and sales"
It's the norm for producers to not give details of sales. Most always, results are thru the filings which should be available shortly for SFMI. I'm not defending them as I agree we would all appreciate regular updates.
I talked to IR yesterday about shareholders being kept in the dark, particularily concerning the volume of concentrate at the mill and values. He did say it was very hard to determine the values of the bulk concentate and or the contents of all the dore as the contents varied so much with each pour. Also if they did give some guestimate numbers they would be setting themsleves up for complaints if the actual deliveries results were different.
He did say that the company was planning on selling about 2/3 of it's inventory soon and keeping 1/3 for higher prices expected this year.
He also said grades were improving at the mill along with increased production rates which he thought would be included in a near term update.
As Goldland correctly states it's the mtn. where the real value lies and that will be the catylst for share price ignition.
As another well known poster states 'DRILL BABY DRILL'
cheers
