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Re: Martin1 post# 49753

Monday, 06/11/2012 11:34:54 AM

Monday, June 11, 2012 11:34:54 AM

Post# of 65657
Yes, we know from previous company sources that SFMI will need $3-4 million to complete the cyanide curcuit, smelter, mill extention, vault, burn rate, and make a down payment to the waiting drilling contractor to get well into the drilling phase. The large Centurion LOC can not be used effectively until we are back in the teens with price. Any monies from sale of dore' will simply defray those costs.
Bottom line is that we now know there "consortium of institutional investors" committed to injecting capital" to that end. I would have liked the specifics, but this project towards a buyout is very much on track...no denying that.
This War Eagle Mountain SFMI asset wont come cheaply and will make all this dilution conjecture look like child's play ...Clearview.
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