Re: 10K truth
in response to
by
posted on
Mar 26, 2011 08:46PM
(Edit this Message from the "Fast Facts" Section)
RB,
I posted this over on IHUB in response to you stating that processing was an impossibility for SFMI, claiming that they are still 6mill away from milling anything. I dont know if you intentionally ignored my comments, or simply passed it over but here it is again:
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Not impossible as the 10k clearly states, "We project that we will need about $300,000 of capital until we begin receiving steady revenues from the processing of tailings at our mine site."
The 10-k was filed today and if you decide to read it in its entirety you'll notice two different terms being thrown around. "Tailings", which they use to refer to what is being processed and stored as concentrate at the mill site, and "Ore" when referring to the raw ore to be taken from the Mtn. in approx 18 months.
Now that this is cleared up, will you stop asserting that SFMI is 6mill away from even beginning to process anything?