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Quick Review on Silver Falcon Mining, Inc.
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By admin on Companies Analysis | Thursday May 13, 2010 11:41 am
Silver Falcon Mining, Inc. (SFMI), a Delaware Company is specialized in producing resources and deal in Gold and Silver. The company bears the right of developing and taking charge of all the operations of the mines belonging to the GoldCorp Holdings, Co. positioned at the War Eagle Mountain on the Owyhee Gold Trend. The place is exactly located at the Silver City Mining District in the southern part of Idaho.
Till date, the GoldCorp Holdings, Co. has produced gold and silver of approximately $ 270 Million. The estimated annual yield scheduled for the fiscal year 2010 is $ 215 Million at $ 650 Gold.
The SFMI has entered into a work contract at the “Sinker Tunnel”, which is scheduled to begin on May 17. The ventilation and cleaning ordeal of the company will start very soon as only then it will be easier to prepare the survey and geological evaluation report for the company.
The “Sinker Tunnel” will put forward a great opportunity for Silver Falcon Mining, Inc. With the help of this the company can tap the innumerable veins producing the ore dispersed in and around the War Eagle Mountain. The strategic position of Sinker will give rise to cost efficiency to the mines scattered in the War Eagle Mountain in the production processes taking place throughout the year.
The price of the stock belonging to Silver Falcon Mining, Inc. has taken a flight to a new 52-week high. This increased rate has been the consequence of the decision taken by the management of SFMI to set up the production of the Diamond Creek Mill.
SFMI is still considered to be a company at its junior stage. It is expected that they will be producing 100 tons of ore per day. It is also been inferred that if the company will put all its facilities to work then it will start off with selling the gold or silver right away.
The stock, which is still trading under $1 has approached its all time high at $0.35.
With project War Eagle SFMI will enter the most exciting phase having a mill functioning at full fledge. They have completely concentrated on the Gold and Silver extraction module from War Eagle Mountain. As the company will walk on the path of glory the shareholders will be updated about their progress continually.
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