Re: Chasing butterflies
in response to
by
posted on
Feb 15, 2014 12:59PM
(Edit this Message from the "Fast Facts" Section)
Brad, the big thing you missed in comparing SFMI to the typical mining startup and their 3% or so chances for success is that SFMI is not the typical mining exploration startup looking for riches in the proverbial moose pasture. If you have done your DD, you know that SFMI is sitting on what was one of the richest deposits of silver and gold ever found, one in which a number of different shafts and mines produced huge amounts and were still producing ("in good ore") when mining was shut down due to a financial crisis. And those deposits were found because they were visible and near surface back in a time before drilling and present day drilling and geological analysis. Official government estimates place the remaining reserves in the millions of ounces of gold just based on historical information. You can imagine the kinds of reserves that can be verified with modern drilling and geological evaluations. In other words, SFMI is not your typical mining exploration startup with hopes of finding something in a moose pasture. The gold and silver are there, and it is simply a matter of bringing in competent people to find and extract it. If that is done, the odds of SFMI succeeding are a lot more than 3%- probably more like 99+%.