Wake up people....Silver is almost $30 and gold is at $1400. The mine was profitable at $16/silver (with this mine mostly silver, 7.4MM oz to be exact!!)This is 350MM value in the ground just for Summit...THis stock at 1.00 is just crazy!http://www.santafegoldcorp.com/_pdfs/02_investor_information/SFEG_R&R_Sept_13_2010.pdfSUMMIT ECONOMIC PARAMETERS $1000 GOLD; $16.67 SILVERAverage Cash Cost:$340/oz Au EquivAverage Operating Cost: $84.50/tonRevenue : $28.5 million/yrEBITDA:$18.0 million/yrPayback:1.0 yearIRR:113%*SUMMIT MINING PARAMETERSSilver Grade:10.78 Oz/tonGold Grade:0.143 Oz/tonGold Equiv Grade:0.35 Oz/tonMining Rate:120,000 Tons/yearContained Silver:7.4M OuncesContained Gold:98K OuncesContained Gold Equiv:222K OuncesMetallurgical Recovery:85%Mine Life:6 –10 Years
i see no clue responded,with some of his nonsense most likely.will someone else "straighten out" his erroneous thinking please??i am done interacting with the retard
no clue, just in case you said something to me...."i am done interacting with the retard"as i said in my previous post
the longer this insanity persists....THE BIGGER THE INEVITABLE EXPLOSION MUST BE.PERIOD
The investor world considers Santa Fe gold a scam company. This stock is going only down as in bankrupt. Get out while you still have capital.DO IT NOW. Like RTFN.