Silver Falcon Mining, Inc. SFMI

Why we are here [older post]

[realmone]

Sometimes it's good to go back and review what SFMI has to offer. Most are here because they see the value of the resource that exists in both the tailings, ore in old workings and of course the high grade resource that exists in the veins on War Eagle.

The tailings resource study indicated 300,000 tons with an upside potenial to possibly 500,000 tons as it was impossible for the contractor to determine how deep the ravines where where the tailings were dumped. We know the old timers using mule transport only high graded, leaving all the silver and taking gold over 2 ounces/ton. So if we use an average of 1 ounce/ton including silver credits, it's quite posssible for the tailings to hold 300,000 oz of gold which at todays price is near enough to $300,000,000. Now for us gold bugs who figure we may see much higher gold prices over the next 10 years this back of the envelope estimate could easily double.
The silver credits could be huge as indicated in the Idaho Bureau of Mines report that the highest grades in North America are found in the veins on War Eagle mtn., where the biggest nugget ever found was [about 500 lbs].

Then we have the existing ore which in a report from Yeager
An ore analysis was reported by D.A. Yeager, and C.K. Ikona, of Pamicon Developments, Ltd. "Investigations indicate at least one year's reserves in place at the bottom of the Illinois-Central; with ore indications of 11,205 tons @ 103 g/t Gold (3.6 oz Gold/ton)," wrote Mr. Yeager. So this translates to 33,000 oz or $33,000,000.
By the way this shaft has no water in it. The shaft with the water lies on the other side of the mtn in the Golden Chariot shaft which isn't a concern and won't need to be dealt with for years as there is more than enough ore available in other locations.

As the geo's have been sampling for awhile now, I think their findings should convince many as to the richness of what has been reported from the bureau of mines. That being numerous veins of High Grade with only the surface being touched.

It's my understanding that a number of things are coming together all at once with SFMI. Patience as always will be rewarded.