Welcome to the Silver Falcon Mining HUB on AGORACOM

(Edit this Message from the "Fast Facts" Section)

Free
Message: Re: Volumes are poor

It has been awfully quiet around here, I agree. These are the times to be adding because we know the action will eventually pick back up. If things go well for me on my other big junior holding, I will be very happy to buy another 400K + shares or so of sfmi (and some ghdc too Bouts!). The company is on the right track and even with only 60 tons per day, the mill will generate nice cash flow with the oso tailings. I think the lab results have been backed up but if we get those results soon, things could get pretty interesting pretty quickly. An average of 2 oz per ton at 60 tpd and gold at $1360 would be gross rev's of aproximately $160K per day, or $3.2 mil per month using only 20 days per month. That's not a bad place to start, with the additional tonnage increasing plus eventual drill results from the mountain. Rumors of higher grade oso tailings are good to hear but an average of 2oz would be just fine with me!

Does this board expect drill results in 2011? I'm sure we'll get a plan of attack but they need to wait for the snow to clear up first unless they drill/sample from the sinker tunnel.

Either way, 2011 will be great for those of us who can wait it out.

I'll put my family into this one at these prices. Conservatism be damned!

2
Feb 09, 2011 12:59PM
2
Feb 09, 2011 01:47PM
Share
New Message
Please login to post a reply