Replies to post #22299 on Silver Falcon Mining Inc. (fka SFMI)

[paidmyway]

If we can just take a look at only one of the items listed as positive DD obtained from the shareholders meeting....that is the burn rate, now it is said that there are 22 employees at the Mill, I would assume this includes all equipment operators, truck drivers,mill operators, securety and front office people.....lets lowball the overall salaries at an average of $15.00/hr..ok..15x22x173hrs per month=$57090.00 for wages to employees..now this does not include any overtime, benifits, payroll taxes, compensation or EI payments....it is also assuming they can find an equipment operator or truck driver to work for $15/hr.....but wait the Quillians also collect combined salaries of $34,000.00 ea month,so lets add that up..bare mininmum for wages with no benifits or overtime=$91090.00/mo.....what was that burn rate again???$50,000.00????......I wonder if they use any fuel or have any maintainence costs or adminstrative costs...oh ya there's that $93,000.00 rental agreement payment every month and rent on the warehouse......Nahhh I don't think they would have told the shareholders at the meeting that the burn rate was only $50k.....there must have been some questions about that...as I see it...

Paid

[rabidgod]

I never argued historical analysis, that's neither here nor there.

Where are the current numbers. Sfmi's numbers, not the vague recollection of someone who might have been somewhere and heard something.

Genius.