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Message: SFMI Value

What sort of offers do you suppose might be made, and in what $ range/oz? Do you expect the price of gold to already be $1,200. or over by Dec.? Have you heard of any gold co's. showing interest already? Even using several rigs, SFMI can't have drilled enough to have proved large areas on WEM by Dec, so do you expect large gold co's to make offers on WEM using wide spaced drill holes as a usable general guide to it's value? I remember one takeover last yr. where the prop. in a latin Amer. country was drilled by the explor. co. on a 100 yd. square grid, with no infill drilling done. The exploration co took the offer of $125./oz in ground Au as stock in the large gold co. That seems to be way beyond what is normally offered for Au in ground.

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