Re: From junior to producer.
in response to
by
posted on
Oct 15, 2009 09:07PM
(Edit this Message from the "Fast Facts" Section)
Thanks for the additional information on Kinross LS ... and I always appreciate knowing more.
You know, every time I look at just the above-ground mineable reserves at War Eagle, I get more and more excited. Why? Well, for instance, here in Canada we have BNN, Business News Network...a nationally televised business show every day.... all day long. What I am seeing more and more frequently are ads by junior explorers promoting their properties. Today, for instance, (didn't get the company's name) there was a CEO of a junior promoting his small exploration venture in Canada. Get this; this company is only starting out and he was very proud of the fact that the property they held had historically mined 50,000 ounces of gold...and he is spending the dough for a nationally televised ad! This was unheard of a year ago. That could property could be Moose pasture.
Based on that, he was promoting investment in the co. I will try to watch for it again as I am dying to know what the stock price is. They had (historically mined ) only 1/6th of the estimated above ground reserves alone of SFMI!!! They haven't even got the drills out yet!! Can you imagine the cost and time before they ever get to stage one? People are investing in juniors like this that are years out from any potential production, millions and millions of required investment captial (stock dilution).
SFMI is looking more remarkable by the day...even for me who has held the stock for almost two years. I keep looking at that 7 cents incredulously. Even if it was a buck here...I would not be selling. What a crazy world!
If there isn't some miner out there looking at this gift it would be absolutely incredible and the whole industry needs to wake up. If I was Pierre, (or Rich) I would be talking my --- off to the producers out there. Now, I am not assuming that they are not...and I am not in any way suggesting there are any producers in discussions... but it sure would be odd if at least a dozen or so aren't aware of War Eagle/SFMI property.
What a fabulous position for management and shareholders to be in! This is beginning to look more and more like a masterful game of chess...serendipitous or intentional. Can I hear SFMI management say "checkmate"?
The most exciting thing about it all is the huge pressure building in the PM markets and the pressing need for many producers to find product...especially high grade product that can be produced immediately. There is virtually none that isn't the ground!!
Off I go, ranting, shreiking and mumbling into the night.