Kinross...Barick...B...
posted on
Mar 30, 2012 06:06AM
(Edit this Message from the "Fast Facts" Section)
A few big wallets know about SFMI aka WEM.
1. Kinross who once had the property but couldn't meet financial obligations. At the time, gold was only $300/oz
2. Eike Batista knows about SFMI and I have verification from someone I know in Florida who knows a person who owns SFMI stock who is connected with Eike Batista. He actually came out on the board of IHUB and said that is a FACT. (Positive Thoughts)
My brain is working overtime...check this out. Kinross has a connection to Barrick Gold in a couple mining ventures in the world. Barrick has deep pockets and is always looking to cough up more mines to keep up with their inventory to keep the shareholders happy with dividend payouts. Now wouldn't you think both Kinross and Barrick are keeping their eyes open for SFMI?
Eike Batista....we all know about the past and the run up to .47 pps. This was because of Eike. In short, it fell apart. However, wouldn't you think Eike keeps his eyes on SFMI especially when he has corespondence with a shareholder of SFMI?
My conclusion...and it is all speculation. After the first initial drilling results come out, there could possibly be a bidding war for SFMI. Some people estimate WEM has 10-12 million counces of gold and don't forget Silver. Double homerun in my opinion. I know one person who has a geology background thinks 4 times the amount. We won't be sure until the drills are complete.
I personally love to see a bidding war for SFMI by the huge pockets out there seeing vast wealth for their empires.
I like to say...Rick and Carmine did a great job and deserve a huge hand bringing this valuable information back to our room. I would say...
Strong Buy!!!!!! Buyout is more likely than not.