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Message: Re: time to mine
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Mar 27, 2013 06:21PM

You need capital to hire miners. MSHA permits have been issued.

I realize they have a skeleton crew running the mill to process the concentrate to keep the company a float and retrieve the $7 million from the concentrate.

If SFMI has the permit for a closed loop leaching system, why invest in it? Its cost is roughly $1 million dollars. The flotation system is increasing the recovery rate.

I don't think it's the intent of SFMI to become a fully operational mining company. I think their intent is to get all the chips in place for either a joint venture or acquisition by a major mining company. Show the big boys you have the permits in place and let them absorb the costs to expand the infrastructure and mne WEM.

The project is too huge and costly for SFMI to handle by themselves. Remember this is a mom and pop store.

Time for Pierre to put up the FOR SALE sign or cut a deal for a joint venture.

I know we don't have drilling results...but that cost is roughly $5 million dollars. Where do we get the money? More dilution and we know where that has led us. I think we have enough data in the archives to show WEM has an abundance of gold and silver remaining. Don't forget the additional claims made by SFMI.

Gold and Silver have stayed at the same price....roughly $1600/oz Silver around $30/oz

Are you listening RK and PQ?

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Mar 28, 2013 12:48PM
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Mar 28, 2013 01:50PM
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Mar 28, 2013 01:53PM
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Mar 28, 2013 02:36PM
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