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Message: Re: BUYBACK MAKES A BIG DIFFERENCE

EVAN : If you go to Yahoo and punch in SFMI you'll see OUTSTANDING SHARES on page 2 under "KEY STATISTICS. It's 332.37 million . Subtract about 100 million that are in strong hands like Big Pic, Sinbob , Oryx and many others ,even I own about 1 million. That leaves 232 millionshares . Note in my previous message today , it looks like 400,000 shares were bought in at .06 from the 15% proceeds on 136 ounces. If SFMI ships 2 shipments of 1500 ounces = 3000 ounces x about 65% Gold = 1950 ounces x $1750.00 per ounce = $3,412,500.00 x 15% = $511,875 to buy shares . At.07 they could buy back 7,312,500 shares , not even counting the silver proceeds and they are processing 24/7 at the mill and pouring Dore Bars at the smelter from the 10 tons of concentrate stockpiled. It won,t take long to reduce the number of shares available for sale in the float & drive up the share price , assuming my calculation is accurate. Thus making the stock more attractive daily for a buyout. LINDY

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Nov 11, 2011 04:33PM
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