COMMENTS WANTED on my analysis on SFMI video
posted on
May 20, 2011 07:56AM
(Edit this Message from the "Fast Facts" Section)
I watched the video 3 times before it was removed. Rich Kaiser clearly said 6 GRAMS of GOLD was being produced per ton of ore. The 5/17/11 press release says 3005 tonnes of OSO tailings were processed in the first three months of 2011. Assuming "tailings" and "ore" mean the same thing: 3005 tonnes x 6 GRAMS = 18,030 grams in 3 months. There are 31.1 grams per TROY ounce , thus divide 18,030 grams by 31.1 grams = 579.74 troy ounces of Gold were produced in 3 months. 579.74 troy ounces x a conservative $1450.00 per oz. for gold = $840,623.00 . Then add the value of the silver (not mentioned in the SFMI video) = ?? Also they continue producing 24/7 in April & May = + ?? .
Now note the mill total of 3005 in 3 months = 3005 divided by 90 = 33.39 tons per day . Lousy of course, but undoubtedly it has or will be increased substantially.Also keep in mind most or all of this was known months ago. To me it sounds very positive and promising for the future so the ACTIONS followed. A lab was put in,a permit for the smelter applied for, , and land cleared to expand the mill and/or erect the smelter, and Centurion agreed to buy up to $7,200,000. of SFMI stock at only a 3% discount.
I'm aware the figueres derived from the 5/17/11 press release come out much less , I figuered a total of $326,283 using $1500.00 for Gold and $34.00 for silver and assumed the 81.19 oz.of Gold and 94.97 oz. of silver was to be multiplied by 2.61 for the tonnes of concentrate.
So yes there are major disparities and confusion and there probably are reasons and rational explanations that in time will emerge, but they are producing Gold and Silver and taking many actions to improve tonnage,yield per ton ,and reduce costs ,and preparing to dig within War Eagle mountain for the rich mother load veins. So I will hold on to my 830,007 shares and continue to ignore the Bashers and liars who manipulate the price for shorting. Meanwhile I read and study all Press releases, backround history found here inthe Library at the left ,and postings by the TRUTH TALKERS: ORYX, Much Compensation, Sprattnicki aka Sinbob, Gold Chaser,Imperial Whazoo, D.C. Bass ,Bobby Joe, BIG PICTURE aka Clearview , Positive Thoughts and a few others that speak truth with good intentions. LINDY