Here's the post (from lamborghini dreams)

so RB, you've inspired me to go take a look at other miners 10k's, and here's what i've found:

ventana gold, trading at $13 a share, reports the following under "Risk Factors" in their 10k


[quote]
Dependence on two principal exploration stage projects

Ventana has no proven or probable mineral reserves and may never discover sufficient mineral deposits to justify commercial production from any of its properties.

The success of mineral exploration is determined in part by the availability of exploration permits, the identification of potential mineralization based on analysis, the quality of management and geological and technical expertise; and the availability of capital for exploration.

Substantial expenditures are required to establish proven and probable reserves through drilling and analysis.

If the Company is unable to establish proven and probable mineral reserves in sufficient quantities to justify commercial operations, it will be unable to develop mines and its financial condition and results of operations could be adversely affected.


Ventana has no history of developing properties into production.

None of the Company’s properties are in commercial production, and it has never recorded any revenues from mining operations.

Ventana will require additional funding by the end of the second quarter of fiscal 2011.

Ventana will require various permits to enable it to conduct its current and anticipated future operations.

Ventana is subject to government regulation.

Ventana’s business activities are subject to environmental laws and regulation.

Global market events and conditions may adversely impact Ventana.

The Company may not be able to access capital on acceptable terms to the Company, or at all.

Title to Ventana’s properties may be subject to other claims.

Milling operations, if any, are subject to various hazards, including, without limitation, equipment failure and failure of retaining dams around tailings disposal areas, which may result in environmental pollution and legal liability.

Ventana has a history of losses and anticipates that it will continue to incur losses for the foreseeable future.

Ventana competes with larger, better-capitalized competitors in the mining industry.

Ventana’s officers and directors may have potential conflicts of interest.

Ventana’s directors and officers may serve as directors and/or officers of other public and private companies and devote a portion of their time to manage other business interests. This may result in certain conflicts of interest.



[/quote]

[color=red]As you can tell the market, DESPITE all of these risk factors (many of which you tout as reasons SFMI cannot and will not succeed) has valued this stock at 13 dollars per share. It is too easy to simply highlight portions of "risk factors" and make them appear to be much more detrimental than they are
[/color]

you can see for yourself: (risk factors start on page 15)
http://www.ventanagold.com/upload/Financials/AIF-2010Sept21FINAL.pdf