Replies to post #39918 on Silver Falcon Mining Inc. (fka SFMI)

[bluesideup]

The figures quoted at the SHM were $4000/day to run the Mill and $30,000/month or $1000/day for corporate expenses. Total was $5000/day or $150,000/month. There were no figures given out that related to capital expenditures.

[bc322032]

its $34K per day, thats even better.

Thank you IW for clearing that up.

So, $1,0340,000/burn per month.

That is a fine number if SFMI is selling AU & AG at more than that number.

No matter how well things are going, if they are not selling more than they burn, the money has to come from some place.

This is NOT bashing, just simple math. I want them to hit a home run. I just don't see that out of the tailings yet. So, either shares or loans must be made to cover the $34k per day burn rate.

Right?

Now this will really bake your noodle. They MUST buy shares right off the top of GOLD sales from open market right? Right. So, they buy back the shares with GOLD sales, but if income is not more than costs then they must, uh, sell shares, to cover costs. So, are they selling the shares to themselves? .... this makes my head hurt! (feel free to correct me if I am wrong here!)