posted on
Mar 06, 2011 11:01AM
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Message: good post Garick
I thought I'd copy and paste this post of yours from ishlub. 1 because it is a good post and 2 because it might get deleted so you'll have a copy to adjust if needed...
GOLD's current price is $1435/oz...Silver $35/oz
As we are playing grammar school mathematics, SFMI is processing ore through their mill and stockpiling the concentrate until the smelter is finished and the laboratory is completed to determine the assays.
I am finding my statements tedious and repetitive about what lies within WEM..it's all in the Idaho report and Geologist Cupp's report.
lucky,mydog....you have been in the room a long long long very long time....you have seen numerous posts on how much gold/silver was processed in the past and is within the mountain regarding the tonnage of ore above and below ground.
I am looking at billions of dollars in revenue and I think RS,PQ and RK see the same value. Plus, we have an ex-employee from BarrickGold as Mill Manager and miners who are also being compensated in cash and shares for their work.
If no gold or silver existed in WEM, do you think all these people would be working for SFMI?
Do you think they would actually accept stock as compensation for their labor if no value existed?
Do you think the banks would be lending SFMI money if they had no way to pay it back?
Gold and Silver are heading upward because demand is high and supply is low. Government at local, state and federal levels are going broke because of corrupt incompetent politicans.
No matter what you say with your opinions; those opinions can't refute what WEM has and what is going to come out in dollars.
RS is a major score for SFMI..he is the Vince Lombardi of mining and geology. 40 yrs of experience. What is your experience lucky,mydog?
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