posted on
Jan 13, 2013 10:23AM
Welcome to the Silver Falcon Mining HUB on AGORACOM
(Edit this Message from the "Fast Facts" Section)
Message: After reading this PR again...............
Management has tested some material and they have determined that the new flotation circuit that is being added, will be installed and operational shortly, and it will run all of the material they have stored. Sounds like we finally get the revenues we anticipated in 2012, in 2013. Also sounds like profitability is just a couple months away.
"The Company has one objective, to extract and deliver as much precious metals to the world markets as we can produce profitably from our holdings.” He further mentions,“This is the year where production will become the mainstay of SFMI’s objectives and operational motives. This in turn should deliver significant revenue to the Company and growth of shareholder values.”
After all, based on the EB5 offering, this is what they anticipate:
The current supply of materials “stored under security” at Silver Falcon Mining’s mill location in Murphy, Idaho holds the following:
30,000 @ 4.38 gr/ton or .1545 oz/ton of gold and
30,000 @ 16.44 gr/ton or 0.5799 oz/ton of silver
Sub-total of:
$7,879,500. US dollars worth of gold
$521,910. US dollars worth of silver
Income Total:
$8,401,410. US dollars
Once SFMI becomes a cash cow after running the material through the new flotation system and then shipped to the refinery, the Bonanza ore pulled out of the Tunnel will be processed shortly after. Sounds like perfect timing. Are you guys not visualizing what Im reading and what's about to occur?
"As drilling, bolting, shoring, exploration proceeds"
I don't believe there are any delays. Guys are in the Tunnel rockbolting setting up to blast out the real BONANZA in the upcoming months.
I read this PR as BULLISH. It seems with the Project moving forward, the funds that were needed have arrived.
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