Re: We hit bottom.....
in response to
by
posted on
Dec 15, 2010 08:53PM
(Edit this Message from the "Fast Facts" Section)
At this point, SFMI is about as much of a no-brainer, surefire, mortgage the house opportunity as you will ever see. How many other startups get to production in three years with minimal dilution, minimal or no debt, their own mill on their own property just outside of town on some of the historically richest gold/silver properties around with 800,000 tons of already mined ore of a grade that most companies woul kill for, and is still trading in a range not much higher than when the company was formed? Have you ever seen the market wait so long to value a company above moose pasture?
I know that SFMI took an unorthodox approach to get to production, avoiding the high costs, dilution, and toxic financing of exploration, 43-101s, mine construction, etc., and the market has some right to be skeptical. But waiting until after production is announced, until after the grades of much of the ore is known from previous assays, until after specific, undeniable numbers have been announced that will show how much revenue SFMI will be raking in, is pushing it farther than I ever expected. Once the numbers come out, the market will have to make up for all of the credit it withheld while SFMI was building a mill, getting to production, and preparing to head back into some of the richest mines around.
Not much longer to wait. I like the word someone on the other board coined- "revenews".