Re: SFMI Gold sales forecasts pricing structure
in response to
by
posted on
Apr 10, 2013 10:42AM
(Edit this Message from the "Fast Facts" Section)
More negative garbage:
"SFMI needs to take into account lower gold prices in the coming future"
Bullsh*t. Even if the price of gold were to edge lower (which only companies talking their book like Godman (not a typo) Sachs will say), SFMI is hardly leveraged to the price of gold at all. Their estimated costs of mining are $150/ton, and their milling costs are less than $100. At 3 oz/t, that's less than $80 per ounce, hardly leveraged to the gold price at all, compared to companies whose costs can be $1000, $1200, or $1400/oz. Once again, even minimal DD and a little thought instead of mindless puking of nonsense could have avoided this exchange.
As to this bit of nonsense,
"My opinion (yes Spiny opinion) is we still need drilling"
nobody here ever said we don't need to drill, in fact this board has been clamoring for it for years. What I DID say was that your using the $5M figure with no discussion and simply implying that amount was needed right away before anything could be accomplished was garbage. In fact, any exploration program would be spread over at least 18 months (per filings), so that $5M in expenses would also be spread out over at least that time span. Again, something that is very obvious if one actually puts some thought in to it before posting, and a topic that has been discussed here before. And during that 18 months, SFMI will be processing new ore that will more than pay for drilling.
Your post has been marked as a violation for bashing. You were warned a number of times. Strike one.