Stock Guru Profile News Blogs Under the Radar Report: SFMI
Gold Mines are a pure gold play. Looking for a good one? Their chart says it all.
THE price of gold is to remain high in 2008, putting it on track to break $US1000 an ounce for the first time as it offers investors a safe haven from volatile finance markets and supply remains tight.
In 2008, gold is tipped to top a 28-year high of $US850 in the first quarter as finance market jitters prevail and may even reach $US1100 by December 2008, some analysts have predicted. You can take gold anywhere in the world and there will be a buyer, which can’t be said for many other commodities.
Fat Prophets senior resources analyst Gavin Wendt recently noted that the gold supply will remain tight, with mine closures and fewer new finds, and as the cost of mining gold becomes more expensive. He believes it is only a matter of time before the price moves up to $US1000. Further weakness in the US dollar is a positive for gold.
Newmont Mining’s Pierre Lassonde agrees and recently told a gold conference in Western Australia the price of gold would break $US1000 in the medium term.
Commodity Broking Services managing director Jonathan Barratt noted rising inflation in China will also make gold more attractive.
Gold is less volatile than other investments — over the long run gold is less volatile than the US S&P500 index, and this also applies to equity indices in other countries.
Silver Falcon Mining — Stock Guru made certain the gold on War Eagle Mountain is Not a Secret ANY MORE!
- SFMI has GOLD and they are ready to mine.
- SFMI has 14 deep-shaft mines covering the War Eagle Mountain’s primary epithermal Gold and Silver-producing veins.
- Initial production on the mountain is scheduled for fiscal year 2008, with an estimated 15-20 year life-of-mines.
- Annual yield, at full capacity, is estimated to be $ 215 Million at $ 650 Gold.
- Sampling results indicated where initial mining efforts should be focused, and which mines are more valuable.
- SFMI drilled 49 holes ranging from 70-feet in depth, to 700-feet in depth.
- Their results were excellent
- Hole ‘W14′ indicated nearly 445 vertical-feet of mineable-grade ore at .18 to .85 oz Gold/ton; while,
- Hole ‘W40′ returned nearly 380 vertical-feet of .11 to .45 oz Gold/ton.
- The remaining holes indicated yields from .24 to .88 oz Gold/ton over scattered intervals.
SFMI has the data to support their convictions!
Source:
Silver Falcon Mining, Inc.
7322 Manatee Ave. W. Suite 299
Bradenton, FL 34209
Phone: (941) 761-7819
Website: www.silverfalconmining.com
Email: info@silverfalconmining.com
Investor Relations:
Yes International Ltd.
Attn: Rich Kaiser
3419 Virginia Beach Blvd., #252
Virginia Beach, VA 23452
Phone: (757) 306-6090
Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Forward Looking Statements: The information in this release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectation or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, fluctuations in foreign currency exchange, the impact of competitive services and pricing, or general economic risks and uncertainties.
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