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Message: 400 tons/ shift milling

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Re: 400 tons/ shift milling

in response to Re: 400 tons/ shift milling by dcbass
posted on Oct 20, 09 01:58PM

B,

I certainly can't argue with your numbers. The point to be made, I think, is that using any reasonable numbers SFMI is way undervalued. Even if you make extremely conservative assumptions at every step you wind up with multiples of the present share price. This will be obvious once SFMI starts producing, at any rate, and revenues start coming in. This is very different from a lot of startup miners where you have to be very careful with your numbers and calcs just to figure out whether the company has a chance to be profitable at all.

spiny

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Piper and Laney report
Piper and Laney's report on the WEM area, Geology and metalliferous resources of the region about Silver City, Idaho: Topographic and geologic map of War Eagle and Florida Mountains (1926). This re... read more
Spiny
Posted by: spiny
On: September 01, 2011
URL: http://www.i..._City,_Idaho

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