UP AS MUCH AS 21% SINCE COVERAGE INITIATED
Silver Falcon Mining, Inc. (SFMI.PK) is a junior resource production company specializing in gold and silver properties.
Silver Falcon Mining Inc. expects to assume production responsibilities on War Eagle Mountain during the fiscal year 2008. A 15-20 year life-of-mines is anticipated, with annual production estimated to reach 331,000 oz of Gold equivalent, once all the mines reach full capacity.
Doing The Math:
331,000 ounces of gold at today’s price of $800.00 = $264,800,000.00.
THAT IS $264 MILLION DOLLARS AND SOME CHANGE.
What’s UP with GOLD?
- Gold recently firmed back above the $800 USD mark following a slight bounce in oil prices after
- Gold has rallied by over 20 pct since mid-August on a combination of soft dollar, soaring oil prices and safe-haven buying from investors concerned with credit issues and the housing market.
- Gold tends to move in line with oil, as investors use it as an inflationary hedge against higher fuel costs.
- Oil prices have stabilized near $95.00 USD.
- Gold often moves in the opposite direction to the dollar as it serves as an alternative investment to the world’s chief reserve currency.
- Gold as high as $845.58 USD on November 7, 2007.
- Gold has found strong buying interest at the $800 USD.
Silver Falcon Mining’s Stake
Silver Falcon Mining Inc. has acquired the rights to develop and operate the mines of GoldCorp Holdings Co., on War Eagle Mountain, situated on the Owyhee Gold Trend of the Silver Mining District in southern Idaho.
In the Mining Business Location is Everything! SFMI Has a GREAT NEIGHBOR!
The War Eagle properties of GoldCorp Holdings Co. have produced approximately $270 Million in gold and silver to date, and are situated adjacent to the open-pit mines of Kinross Gold Co. (NYSE : KGC), which have produced approximately $1.8 Billion in gold and silver.
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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