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Re: None

Friday, 03/23/2012 5:04:29 PM

Friday, March 23, 2012 5:04:29 PM

Post# of 4293
Absolutely laughable.

As the day winds down and is coming to a close, it is extremely obvious that all of my claims are turning out to be true...



Let's look at some of those claims:

I don't think we will see a NI 43-101 filed by SFMI for a few years yet



It's imminent. Would have been done by now except that they ended up hiring the 3rd party geo working on it, and had to find another guy to finish it.

I say it is a very high percentage of dirt, I don't see a lot of rock or shale, just from looking at that pile in the pic, it don't look like something I would want to waste time processing at the mill.



Assays of what they have been running through the mill have been running at 4-6 g/t. Better than many companies' main resource. And this is just waste ore that they just scoop up out of the pile, that they don't even have to mine. Then they just haul it a couple miles to their own mill.

Some more of those "claims":

I would think the pile should contain at least some granite if that is the dominant ore in the mountain and I don't see anything that looks like it....



We really don't know whats in that dirt yet, it could be all waste and over burden.



now these huge piles may have some ore that shows acceptable grades, however once they get a little ways into the piles they will find that it is mostly waste and overburden.



Those who have been to SHMs or visited the site know that statement is laughable. So far SFMI has processed over 30k tons of that "waste and overburden" that contains 4-6 g/t.

It would also be questionable that granite would soften by any enviromental conditions. This may lead us to believe that much of the ore is in fact NOT from metal bearing formations.



A completely ignorant statement. Have you ever had any geo experience at all?

I will tell you what I am seeing and that is the crushed ore appears to have a high content of limestone.



All I can do is repeat the question: Have you ever had any geo experience at all?


The fact remains that in the early years the mining process did use mercury and cyanide and these contaminants are still very likely to be in some of the tailings that are being processed at the SFMI mill in the future if they get operational.



False. I suggest you read the readily available official reports issued by the Idaho Geological Survey. Very few of the ore piles, and none of SFMI's, were found to have been treated with mercury or cyanide. Those are piles of waste ore at the mine sites that was never transported to the mills, much less processed or treated in any way. And it was only left there because it contained no visible ore, which means less than about ~2 oz/t.

PQ actually told the attendees at the SHM that it would be years before any profits were ever shown on SFMI books



A baldfaced lie.

I am going to have to leave this board again as it is just to much of a waste of time for me.



Unfortunately, also false. You kept on showing up with more nonsensical claims.

They will extremly lucky to get more than 10 to 12 shareholders to show up.



Proven to be false when over 100 showed up (this was the meeting two years ago).

The last I heard the sinker tunnel was owned by GHDC



Where did you hear that particular falsehood? The Sinker is owned by SFMI.

no one knows just how much debt has been accumulated to date.



No one except all the people who knew enough to look in the filings.

And all your share price predictions were wrong. A sample:

It really don't matter if the mill starts on Apr 19 or Aug 15 the s/p will be between .0060 and .0100 by those dates



That was two years ago.

We can all remember that there is still huge value here and hope that the CH11 process can lead us to recovery of that value.



Chapter 11? More laughably wrong than when it was first posted.

Folks are jumping overboard now like the ships on fire, and I believe it might be and will soon capsize!! (5/17/2010)



Wrong.

Thats it my friends the game is over now.



Wrong.

when GHDC decides not to carry SFMI anymore then they will just let it fall in the ruins and assume operations on thier own or come up with another company under the same structure to carry the costs of operation while the cream flows to thier vault.



How wrong is this, especially since GHDC has never carried or financed SFMI anyway?

At this rate I don't think that tiny lil mill will ever get up and running.



After you have been around awhile you will find I am always right,even though you may think differently.



of course thats just my opinion,but after you have been around for awhile you will find I am always right....JMHO



Your HO is wrong, and not very H.

Just real old fashioned DD and common sense,is not hard when a person is experienced , knowledgable, intelectual and keeps up to date on matters at hand.



LOL. Knowledgeable intellectuals at least know how to spell knowledgeable and intellectual. Or at least use the spell check that Ihub automatically provides.

I guess its like one of the more experienced folks said, he has never saw any company make money from old ore dumps.



Actually, knowledgeable investors know that's a load of crap. In fact, there's at least one whose primary business is processing copper tailings. And those are modern tailings, not unprocessed ore left behind because it wasn't worth hauling down the mountain by mule and processing using the old inefficient stamp mills of the 1870s.

.in fact they have claims to a very small portion of the mountain.....why would anyone want to buyout a company that is trying to find gold in a few piles of someone elses leftovers.



That claim hasn't turned out so well. SFMI has added 2000+ acres, and now controls most of the mountain including most of the previous mine sites. Plus the Sinker.

I agree, there are many different requirements of a smelter, however there is no smelter that will ever be built for 5 to 6 million bucks



The low end of building a smelter is in the 3/4 to 1 billion dollar figure.



Some folks are getting so far out they are even talking about SFMI building thier own smelter and yet they do not even have an onsite lab yet. A small onsite lab for checking ore grades and samples may cost around 75 to 100 thousand and a smelter will run upwards of 750 million bucks so I wonder how long before they get the lab, kinda of a pain to run samples into town a dozen times a shift.



0 for 3 in that one. SFMI has an on site lab, and a temporary smelter that they are using until the permanent smelter gets the finishing touches to be completed. And I guarantee you that it didn't cost a billion dollars. LOL.

So, Paid, in summary- Your facts are wrong, your interpretations are wrong, and your predictions have proven to be wrong. Did I miss anything?

Folks- Sorry to clog up the board with this nonsense, but stuff like this has been repeated endlessly. Fortunately, it actually gets to be amusing after a while. Especially if you know the facts.
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