I've gotta agree with DC on that . . . we must not forget where the real value of this project lies. At this juncture, I may get to become part of the "Million Shares Club" after all!!! A little report from 6 weeks ago on the Investorideas.com Mining Newswire sums it up pretty nicely:

March 23, 2011 (Investorideas.com Mining Newswire) – Silver Falcon Mining, Inc. (OTCBB: SFMI), is a junior resource production company specializing in gold and silver properties. Silver Falcon Mining, Inc., has acquired the rights to develop and operate the mines of GoldCorp Holdings, Co. (OTCBB: GHDC), on War Eagle Mountain, situated on the Owyhee Gold Trend of the Silver City Mining District in southern Idaho. The War Eagle properties of GoldCorp Holdings, Co., have produced approximately $270 Million in gold and silver to date, and are situated adjacent to the open-pit mines of KinrossGold Co., (NYSE: KGC), which have produced approximately $1.8 Billion in gold and silver.

SFMI Focus/Opportunity:

The financial panic of 1873 helped spur the end of productive mining on War Eagle Mountain, while today’s global financial crisis and the corresponding fiscal and monetary response are driving gold prices higher and creating the potential for highly profitable mining projects on War Eagle Mountain and elsewhere. Moreover, the real economic growth taking place in the developing economies seems likely to maintain upward pressure on gold and other commodity prices for the foreseeable future. SFMI’s initial focus on processing the tailings left behind by far less efficient mining methods creates an opportunity for significant near-term profitability as well as the capital to finance new mining development. Although SFMI is an exploration stage company, the quantity of tailings available to the Company and the mineral content estimates available from the random sampling of the tailings convinced management of the value of completing the start-up phase and the processing of tailings began May 17, 2010. SFMI is now taking the first steps in the planned confirmation phase as the Company works towards the development stage.

Outlook for SFMI:

Based on knowledge of prior production, a documented history of the closure of mines prior to exhaustion, and a long history of published professional public and private consideration and speculation about Company property, SFMI has concluded that there is the possibility of a multi-billion $ revenue opportunity for the Company at War Eagle, which the Company estimates may hold multiple millions of ounces of gold1. As illustrated later in the report, Murphy Analytics (MA) expects that the processing of the tailings has the potential to produce approximately $0.05 in earnings per share in the near term while SFMI cash flow has the potential to significantly reduce or eliminate the need for SFMI to fund the confirmation and development phases with new equity capital.

To Read Complete Research Report: Silver Falcon Mining, Inc. (OTCBB: SFMI)

More Info:

Published at www.Investorideas.com - Global research by sectors

Hang in there and be patient.

jdub