Replies to post #3726 on ***Muaythai''s Miners***

[oryx]

I'm still long SFMI. Have some GHDC, too.

Things should start moving soon (I know, you've heard that before). But they are waiting on a permit to drill, and if the drill results are anything like the historical results (>2.5 oz/t), then I suspect other wheels will be put in motion. Any drill results will be added to the 43-101 due out soon. It was delayed because they ended up hiring the 3rd party guy who was doing it, so it had to be completed by someone else. The initial version will be primarily historical, including fairly recent drill results and assays that can't be used to calculate a resource because they were done before the 43-101 standards were implemented. If nothing else, they could twin the pre-43-101 holes and get some pretty amazing results. But I suspect they have identified better places to drill.

In the 4th quarter last year they supposedly sent out 2 smaller shipments of dore', so revenue and any buyback from those won't be as impressive as later shipments. As of now, they must still dilute, part of which I hear is to get rid of the minimal debt they have so that any buyout would be clean. The share buyback will still be conducted with 15% of any revenue, but right now it will be mostly a breakeven deal, buying free-trading shares while issuing restricted ones.