Nice post, sinbob. It's amazing to see the value given to "explorers" with a couple good drill results that are out in the wilderness, in a politically unstable country, with no permits, no infrastructure, no history of production, with production years away if ever, with 100s of millions of $s in debt looming before they ever see a cent of revenue, and more years before they return a profit- if ever. SFMI has it all- and is starting production with minimal debt from financing by a backer that has enough confidence in their success to agree to be repaid with the gold they will be producing! No need for an "official" reserve estimate or bankable feasibility study. As you say it's a no-brainer to decide to scoop up ore laying around that's a minimum 6g/t Au, probably much more, and process it. It's also a no-brainer to go into mines that produced ore averaging 2.5oz/t Au and were still "in good ore" when mining stopped and simply start digging again. SFMI's huge resources are substantiated by historical records, contemporary assays, and geological reports and evaluations from one of the world's biggest gold miners and the Idaho Geological Survey. SFMI is undervalued by any comparison you can make with ANY other company.
BTW, I think we should be due for news soon. Production? Revenue? Ore grades? Or...?
