bluehuey es un idiota
I take exception to your comments regarding columbia,
usted es un idiota. Colombia es un país Bonito y el personas de colombia es amable, alegre y bien intencionado. usted debe vender su posición accionaria (given your intelect i figure you could afford 200 shares) puta tu culo por un par de semanas comprar un billete de avión e ir a echar un vistazo.
the damage that previous management inflicted is costing a ~ +/- 10% discount to fair value which is also attributed to share/warrant overhang and i see only exceptional drilling results at santa sofia as a cure for this i do disagree with dmac that investors will have to wait to 2020 for these assays, but understand he puked at the bottom and needs to vent i do not blame him and hope he finds it cathartic.
I arrive at the 10% discount to fair value updating my spreadsheet model of SFF. I like the rest of the market assumed already the updated resource would be b/n 1-1.5moz .The discount from a balance sheet perspective is minimally affected by lowering the cutoff from .05 to .03 which given the size of the out crop 280X250 changes the oz of infered by 56k or on market cap basis~ $1.7 mil or .01/share at fully dilluted 162mil shares. The rest of the fair value discount ~.02cents per share is the the assets in treasury 20million cash vs. 146mil and 9mil reported in MD&A sept30,2010. Or more clearly put if this company wasnt in the penalty box the market would value it at 55million or ~.34cents i'm not sure how whomever arrived at $20/oz as posted earlier it is fair the market is usiing $30 an oz especailly fair given the strip ratio of mining on a hill.
I remain interested in this play but will wait for sofia assays hopefully by then the overhang will be somewhat worked through.
blue huey you are a midget of a man for disrespecting Columbia and hope you suffer capital losses forever no doubt the market usually takes money from fools and you are one.