Considerations...Very gross but very nice numbers.
106 TPD x .2 oz (6gms ) x 1350 x 30 days = $858,000/mth $10.3 million/yr. (Extreme minimum)
106 TPD x .75 x 1350 x 30 = $3.3 million/mth. $39.6 million/yr. (latest NR re oz/ton)
Any of the following are easily possible.
106 TPD x 1 oz x 1350 x 30 = $4.3 million/mth $51.6 million/yr.
106 TPD x 1.5 x 1350 x 30 = $6.5 million/mth $78 million/yr.
106 TPD x 2 x 1350 x 30 = $8.6 million/mth $103 million/yr.
These are of course very gross numbers.
Now. Look at Batista’s take out of Ventana…a property that will be very expensive and take years to production:
“However, Ventana’s deposits aren’t as easy to get at as those of other companies. Unlike Greystar’s deposits nearby, some of Ventana’s resources are deep in a mountainside. The company’s operations are also in the early stages, meaning it will take years for the mine to be commercially viable.”
Under the "premise" that we have no hard production numbers, grades. assays. That's crap. Look around at some Moose pasture plays just getting out of the gate trading at $1! They are all spec. Where is the "spec' influence for SFMI? What applies to some does not apply to others. Pretty obvious as all the negaitve posts come streaming out on the other BBs. Amazing what control the MMs and their benefactors can do in corrupt markets.
As per today’s update NR, Compare the above with no cash flow for years to SFMI’s 1 billion tons of ore on surface at .75 to 2 oz/ton under mill production….now producing anywhere from $10 million/yr. to $100 million/yr. and only increasing rapidly…and soon accessing the very rich ore in the exposed mine veins…the only preference will be to take the richest ore from either the ore piles or the mine.
And then look at/add the existing mine and infrastructure on/in War Eagle with easily accessible, high grade deposits estimated to run to length and depth with estimates of anywhere from 5 million ounces to 10 to 20 and maybe more.
Well, all of the above has been discussed before and is very simple to repeat…to no avail as long as whoever is controlling the stock is still in charge defying gravity…and we all know that does not work for long.