Santa FE Metals Corp New SFMCF

Win / Win

[HeyIrish]

It would have been nice if PJX had hit their anomaly. I agree with the thinking that if PJX had been successful in their attempt to penetrate their anomaly and that the results confirmed a Sedex formation then SFM’s share price would have appreciated considerably.  PJX (just like SFM) are trying to make sure that the next drill will hit the target, because, until we know what these anomalies are made of it’s very unlikely that we’ll see the price of these stocks rise very much; if at all.
What I like about owning a lot of SFM shares is this: They're very cheap, also, I expect the share price to rise once management announces the next drilling date. Possibly a double from current prices. (Three, four or more cents per share). I expect that we will get a 100% return within days (hours) of the announcement that drilling is to take place. In my opinion all that we need is for management to find the money to drill one more hole and then make that announcement. Being a shareholder when the announcement is made should be worth twice the price of today’s admission.
What I don’t like about SFM is that they appear to be broke. It’s a fairly safe bet that there is a very good possibility that you will lose your whole investment if management doesn’t come up with funding for the next drill hole.
So here’s the deal if you’re planning on buying a lot of SFM shares. They will either get you a head start to becoming a very, very wealthy person or they will enable you to start your own personal Tax Loss season extra early this year.
So it’s a win / win! No?

[tabbiebarrie]

Kind of good news if you need tax losses heyirish. PJX did run into disseminated zinc in their core and I believe sop me copper before hiiting the fault and do have money left to drill another hole or two. I would still wait this out for PJX to provide further results, keeping in nmind unlike SFM that give frequent drill updates, opts to release news after bdrilling is completed so the wait will

[HeyIrish]

Big Board paid off well again this year. Small board not so much. So yes tax losses are still helpful. I'm disapointed that PJX  is not assaying the core but respect their decision conserve funds until they have something more concrete in their hands. If you are seeing PJX this weekend can you ask them when they will resume drilling?

[tabbiebarrie]

They told me they had a pretty good indication from the core but are preserving money as the drill program is far from being completed. I think they assay would take too long  but was indication enough planing wise.as they want to get back to drilling soon.