Mr. Quilliam: Silver Falcon Mining is a company that was transformed from an older company into a junior mining concern in 2007. It received a 15-year contract from the owners of certain properties on War Eagle Mountain in Idaho, in Owyhee County. This contract is for the mining and extracting of precious metal from the ore on the mountain.
TWST: Please give us your perspective on what the commodities markets did in the past six months or so, and where you think it may be going in the next six to 12 months in gold and silver.
Mr. Quilliam: After much research, our board of directors, given the present situation in the world of the American debt and how it was handled, felt that gold and silver, which always tags along, would be on the rise for the next five years, to a point of possibly 2,500 to 3,000 an ounce. That was the motivation for our company to get into this field.
Tickers included in this excerpt: SFMI
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