Replies to post #39938 on Silver Falcon Mining Inc. (fka SFMI)

[bc322032]

Winner sounds great! Love it.

And that shouldn't be a concern for very long. At a burn rate of $12M a year, that's about 12 dore bars. It took them a little over a month to produce that using the smaller smelter, so if they can produce a bar a month, they will already be break even. And that's with the smaller smelter. Wonder why they are building a bigger smelter?

Can you even think where the SP will be the day they PR they are break even or making money!

The issue for me is:

SFMI has backers who will continue to finance them as long as it takes- which won't be long now.

to me that = short term lower SP and a chance to buy back in at a lower level. IMO - we will see!

[mont20]

oryx,
The reason for the request for a larger smelter/larger dore bar is the refiner setup is for the larger bars to process and charge a premium for the smaller dore bars. Simple manufacturing process! The industry is based on the larger bars so let's go for it. Still this stock after the SHM is lower, unjustified.