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Message: Silver Falcon Mining Road Show and Broker Meetings

Rick- Great summary. Thanks for all your efforts. If you react to meetings the way I do, your brain must be totally frazzled by now, so getting out that summary is even more of an achievement.

Lots of good clarifications. The only two gaps I see are that we still don't have an explanation about the poor recovery at the mill, and how long it will take to get the leach circuit installed. Until then, the business model we all counted on of the mill funding the exploration and drilling is on hold. We'll have to rely on other sources of revenue, and other milestones to boost the share price.

The major point is financing. I think it would be a mistake to complete the entire financing now if it involves selling $10M in shares at anywhere near present prices. At present prices that's 250M shares, but at .10 only 100M. I would much rather see smaller interim financings until we get drill results or another event that boosts the share prices so that subsequent financings can be completed with less dilution. It doesn't matter if the smaller financings cost a bit more if it means most of the financing can be done at higher prices. If that $8-10M is spread over a year, that's only about $1M/month that they will need. A few financings of $1M should get them to the point where drill results or some other event greatly reduces the number of shares that would be issued each month. I presume that a number of options are available and being discussed, but it would be nice to get some kind of resolution on this.

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