sinbob,

Spot on as usual. Yes there are a lot of potential 10+ baggers out there, some with more potential than SFMI. But what separates SFMI from the rest in my mind is the basic lack of risk. As you said, everything is there-"safe geopolitical environment, financed into production and cash flow, with generous, high-grade above ground resources, huge, potential, accessible "deep storage" high grade gold and silver, low cost extraction, exciting, reliable historical data, infrastructure in place, advanced mining structure in place, friendly local community, no environmental impediments, clean milling process, fairly tightly held". And maybe most important of all, "so close to production". With any other pre-production company, especially explorers, the best hope for quick returns is a report of bonanza grade drill results (but better catch that share price pop before it disappears!) or a buyout. Neither is guaranteed, or even probable. And if neither takes place, you're left with literally years of drilling, proving up resources, financings and dilutions, permitting, 43-101s, feasibility studies, construction, and maybe even bribes depending on the country. SFMI has none of those obstacles, and is in a mining friendly area with infrastructure, resources, expertise, mines just waiting to be reopened, ore ready to be processed, and a mill of their own on their property near the mines. Most of the equipment, including the milling equipment, is owned outright. There's very little debt, and much of that will be paid off in gold we mine!The amazing thing is that SFMI has progressed to a point this close to production with very little notice and relatively little increase in share price. The best is yet to come.

So what are the risks? I can't think of anything major. The worst I can think of is more delays in getting the mill going, but that is something that will be worked through at some point. What about the worst case scenario regarding the resources? Let's assume the lowball figures- 30 tpd throughput, 6g/ton Au- and a high cost of $200/ton for hauling, milling, and smelting (no mining costs yet!). That's still 6oz of gold a day- $5400 after costs, or almost $2M/yr. That's still more than enough to pay the rent, mortgage, and royalties to GHDC. So absolute worst, we break even or make a small profit. And the upside? Multiply the tpd by 4 or 5, and the grade by 5, and you're talking $40M/year. For a company that's capitalized at $10M.

The risk/reward ratio for SFMI is the best I know of.