News Focus
News Focus
icon url

User-65225

01/23/15 11:06 PM

#63818 RE: Peggy #63817

That "certain person" (insider) has already purchased hundreds of thousands of dollars in stock and has lost 99% of it... Thats not someone i would want to get investing advice from.

Even with new management, this whole property still has serious problems, like needing to use cyanide which might be banned from Idaho, like they did in Montana... In this PM rich state there is only ONE permitted cyanide operation left (out of hundreds) and they are not making anything. In fact, i think they might have closed up shop.

SFMI would need several millions for a reclamation bond alone (which earns no interest), not including the 8 figures they need to drill and start using cyanide... Its a doomed property, which is why they got it for so cheap. Most mines in the USA (especially the ones that require cyanide, outside of Nevada) are not economical anymore.

There are MANY well managed miners out there trading at steep discounts to previous highs. I dont see why someone would be so committed to this POS... throwing good money after bad is never wise. The savvy trader knows when to lick their wounds and move on to greener pastures.
icon url

maxxm

01/24/15 6:12 AM

#63821 RE: Peggy #63817

yep