movin' on up....
posted on
Apr 11, 2011 12:10PM
(Edit this Message from the "Fast Facts" Section)
Attention discount shoppers. The firesale prices of 12 thru 15 cents is over and you will need to pay more for shares of sfmi moving forward (but it is still cheap!). The writing is on the wall for all to see (despite the rhetoric bandied about). The upside on this stock right now is incredible. Here's just a few points to remember:
1. 2.5 oz gold per ton historically removed from WEM (160K tons) and the mountain is still in 'good ore'.
2. Discount due to'newbie' mgmt is still built into shareprice even though Roger Scammell(40 yrs exp as a geologist w great cred) recently took over as pres of the company. He left a GREAT junior (Scorpio Mining) and took all shares as salary. We're just turning the corner here.
3. THe mill is producing gold and silver concentrate daily and the mill site is expanding (thanks to BobbyJoe for the pics!). We have $7.2 mil financing in case cash is needed the stockpiled gold is sold.
4. A TV show will soon be introducing SFMI to millions of viewers world wide. THis may be good, great or huge for sfmi.
Congrats longs we are finally there. Welcome newcomers, it is still a very cheap entry point... most longs are holding most shares for over $4. We've got BILLIONS of $$$$ of gold and silver in WEM.