Goldman Sachs cut its gold price forecasts for a second time in six weeks on Wednesday, citing expectations for an acceleration in U.S. economic growth and the metal's recent lacklustre price performance.

The bank lowered its 2013 average gold price forecast to $1,545 an ounce from $1,610 and its 2014 price view to $1,350 an ounce from $1,490.

SFMI needs to take into account lower gold prices in the coming future, I still believe we can muster the value from WEM and the mill. My opinion (yes Spiny opinion) is we still need drilling to move from a tailings company per company official comment, to a mining company for real value.JMHO! Mining Gold in the US profitably is the key for all mining companies and WEM has the material just need to mine.