Replies to post #23359 on Silver Falcon Mining Inc. (fka SFMI)

[bc322032]

Good point plus AU&AG up today:

http://www.oil-price.net/COMMODITIES/test.html

IMO it is about time to get the smelting going. Even if it takes 2 months to get the check and know the real hard numbers, as bullish as AU&AG are running I would doubt the price will be lower at settlement date.

As to fluff PR, keep ANY info coming. Any kind of update each month at least tells us where SFMI is currently!

Lastly now that the process has begun is should continue and each step from this point on should be better and better (and I hope even faster as they get better)!

With 3 years of ore above ground there should be lots of time to work on underground development and the fund to do that. If Q1 of 2011 can be break even or a small profit 2011 will truly be a year to remember!

[crabbybill]

A literal reading of "508 pounds of precious metal bearing concentrate, produced in the first 491 hours (approx,20 days) of mill operations from May 17, 2010" can be restated as "508 pounds of concentrate were produced between May 17, 2010 and June 6, 2010" If the mill did not operate continuously during those 20 days, the 20 day figure is simply a calculation of the number of days that 491 hours represents. Regardles of whether the mill operated continuously, the production of 508 pounds of concentrate in 491 hours of mill operation means an average of 1.035 pounds of concentrate was produced per mill operating hour during that first 491 hours. Any increase of extraction efficiency, volume of throughput per hour or higher value ore being processed will increase the value of the hourly production.

[Val Trevallion]

Exactly.... This is what I was trying to convey with what I saw Friday.. I am impressed with the fact that this mill is already producing...it did not even exist there last year.
They have thousands of Cu.Yards of ore piled up there.
It's easy to see how the burn rate over the last year is high,look at what they built.