Silver Falcon Mining

If 70% of the revenues were being siphoned off from the gold sent to Republic, how come we received $90K from the first shipment of 136 ounces? In other words, at $1750 gold (and that might be a bit high for the first half of Nov), we would have received $145K (based on 65% gold) and this is before any % paid to Republic as well as ignoring the minimal amount of silver (approx $1500 at $33 silver). This is also based on the $90K report we received from the Idaho Statesman which of course isn't an SEC filing.

If you subtract 70% from $145K, you come to $46K. So the theory doesn't hold up. Of course, it still doesn't make sense to me that we'd only get $90K so I continue to scratch my head on this whole thing.

What I don't scratch my head about is that revenues will continue to grow, drilling will take place, 43 1o1 will take place, etc etc.

Build it and they will come!