There are lots of longs who have been in this since 2 cents. We have had a wild ride. The short story is this... WEM has incredible resources as per the many historical references (we can lead you to that DD). Historically the mountain was mined at close to 2.5 oz per ton (that's pretty high grade). Anything less than 2 oz per ton was discarded back in the 1800's. Now sfmi is milling it and storing the concentrate till their smelter is built. We'll be attacking the mountain as well and that is what will put us at multiple dollars sometime down the road.
The share price got ahead of itself last year and this is a great entry point. 12 cents is the bottom at this point. I've been buying at 12, 13, 14, etc. The price is low for a few reasons, the main one being that sfmi was managed by non-miner types but that has now changed. Roger Scammel left a very good firm down in Mexico (Scorpio Mining) and took the job here at sfmi. We're in a transition period and he is getting all his ducks in a row to before this takes off. We're probably pretty close at this point, and there is an additional catalyst for us... a TV show called "New to the Street" or something like that will highlight up and coming USA companies. The first one is SFMI. I hear 98 million households (Fox Biz, as well as a channel in Canada and maybe more). We also need clear numbers from the Oso tailings and we're expecting that too.
Pay attention to Oryx, Clearview, BobbyJoe, Imperial Wazoo, Goldchaser, Bouts.... and some others.
Good luck!
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