Every once in a while I like to check out other JPMs with somewhat similar characteristics to SFMI as a sort of rough comparison. I just came across one that is being promoted by an investment adviser out of Vancouver. Here are some of the salient factors re this junior listed on TSX-V and closing at 15 cents and moving up on recent NR.

- has an option agreement on a historic gold property in South America.

- has historical geological data available on SEDAR.

- is planning for the commencement of a phase 1 work program to rehabilitate the old mine workings by clearing caved in levels including 1300 ft. of 80 yr. old rubble which will then be assayed …necessary to allow drilling, trenching and rehabilitation of the mine “and other old workings”.

- the mine was only in production for 6 weeks , 10 tons/day @ 31 gms gold.(pretty high).The mine was dynamited when abandoned due to a revolution. A sister mine had gold intercepts of 7 gm/ton over 24 meters in quartz veins. .

- an historical estimate was 42,000 ounces gold. (SFMI is anywhere from 4 million to 5 million gold equivalent gold/silver)

Conclusion: this is a junior which has the ability to move quickly from a small explorer to a small producer…while establishing new targets on their potentially gold-rich target.

A few salient questions arise:

- How much time and expense will be involved in the next year just to clear the mine?

- Since there are no above ground stockpiles of ore-grade supplies for near term cash flow, how long will it take and what will be the cost to drill and assay to discover a millable product…then bring it to surface?

- How long will it take to set up even a small mill the site? At what cost?

- How will several financings be arranged? Stock dilution?

- Given the history of geopolitical turmoil in the region, how safe is the project?

I’m sure you can think of at least a dozen other questions…already answered by the SFMI project.

So Spiny and others here are so right... SFMI is near cash flow…miles ahead of the above example junior that is already trading a 15 cents on very little news and probably heading higher .

Let’s review a few other points on SFMI.

The SFMI historical info estimates 4 million mineable ounces gold equivalent on War Eagle Mountain. At $1000/oz. gold that’s $4 billion…yes, $4 billion gross before any value of the above ground, ready-to-mill mine waste; before any new high grade discoveries; before gold and silver go to $2000 and $50 respectively.

The above is just a very cursory comparison but one that leaves a curious mind to wonder at the SFMI share price of 3.1 cents US. Based on the above, just from a speculative perspective and a fundamental comparison, SFMI should be anywhere from 50 cents to $1 in the near future.