posted on
Mar 12, 2013 02:37PM
Welcome to the Silver Falcon Mining HUB on AGORACOM
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Message: Re: yo-yo
PQ stated his plan for SFMI was to go in the sinker and drill up, down, and sideways. it appears raising the funds was going to be too dilutive and any easy funding was not available. PP and AS either were not interested in ponying up 5-10mm or were already in as deep as they wanted to be?? chinese stayed in china? several groups and all. so, we focus on improving the mill with a floatation addition. if we can get close to cash flow even/positive this can attract bigger money that looks at 650k tons of 4-6 g/ton gold tailings and wants to invest in a big mill to get at the 100mm in value in the piles that just need to be trucked to the mill, could happen. if the leach system can improve mill rate to 200 ton/day it could help finance getting to 1000 ton/day and then SFMI can drill the war eagle mountain year round building proven reserves and even mining some of the bounty, can all happen quick.
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