A comparison just for "fun".
posted on
May 19, 2009 09:03AM
(Edit this Message from the "Fast Facts" Section)
I plagiarized the following from another site. It is in Idaho. It is the president's message to shareholders. It could just as easily have been SFMI except that SFMI is almost in production; SFMI has much higher grades; SFMI has quality historical resource reports. I have emphasized in bold the applicable similar features. This stock is trading at eleven cents and is a long, long way from proving up what SFMI has and from actual production. It will have to raise and invest millions and millions just to get to where SFMI is today. It has miles to go before entering SFMI's space. It is trading at 11 cents today on VSX. It does not appear t be shorted, or naked shorted at thstime; it does not have bashers that I could detect at this time. SFMI should be trading much higher, IMVHO.
"Dear Fellow Shareholder:
Welcome to 2009, a year shaping up much faster than had been anticipated by most industry participants.
As a result of ongoing reviews of millions of dollars of accumulated and historic data, the upswing in precious metals prices, and a positive market sentiment, xxxx has reengaged in aggressively developing exploration programs for our near-term production gold and silver projects in Idaho and Mexico.
Focused on robust mineralized districts with good production potential to support growth, XXXX's property portfolio will position us as industry leaders among our peers.
The Idaho gold projects are not just about the ZZZZ oz of regional historic gold production or the 531,000 oz (NI 43-101) gold resource. Nor are they just about the three other mineralized gold occurrences under exploration, or even the 13 historic mines which all fall along the Shear Zone.
The Idaho gold projects are about a new vision for the district. An accumulation of surmounting geological data strongly suggests that the YYYYY Zone could be a high-grade mineralizing conduit and feeder system for all the aforementioned gold mineralization along the zone.
This is demonstrated by a drill hole which intercepted the Shear Zone material and returned 9 g/tgold over 21 meters, including 74 g/t gold over 1.5 meters. A concept no other operator has looked at before.
With 28 kilometers of known strike length hosting prolific gold mineralization, the YYYY Shear Zone could potentially be one of the largest, under-discovered gold mining districts in North America and we intend to prove our model with upcoming aggressive exploration programs.
In Mexico, it’s not just about the YYYY silver mine producing until 1984 or that a major
silver producer drilled an additional 87 exploration holes after the mine was deactivated due to historically low silver prices. Nor is it just about the existing drifts, tunnels, crew quarters and haulage ways, or even that after 25 years, ......
It’s about a structural and geological vision which fits our model and suggests additional exploration could provide significant resource growth,....
It’s about historic engineering reports and geological data suggesting the potential for a small to medium-sized operation with up to ten years of mine life, providing the infrastructure and support for the district’s growth. And it’s about XXXX owning the diamond drill required for the three drill holes it will take to audit the historic data.
XXXX is committed to exploring and developing world-class projects with near-term production that demonstrate significant room for growth.
Our mission is to unlock undiscovered shareholder value and that is exactly what we intend to do.
Sincerely,
President & CEO