sinbob,

Mostly agree. Although I think the game might go on longer than you think. We're dealing with pretty savvy people with a lot of money and power, who have managed to keep this going a lot longer than anyone expected.

You hit the nail on the head, though, when you mentioned that the imminent cash flow will give SFMI independence. That in my mind is the key- more than uplisting, more than proving up reserves, more than reopening the mines, etc. Once cash is flowing, it will be enough to enable SFMI to do whatever they need or want to do- pay off debts, expand the mill or build a bigger one, hire whatever expertise is needed, drill, have assays done, clear out or dewater the mines and get them producing, connect the Sinker to the other mines so they have year round access, etc. That's what makes the tailings such a key to this whole thing. SFMI can become a producer much earlier in the process than an operation staring from scratch, even a company starting up old mines that don't have tailings.

The next few months will be very interesting. Although I also agree with Iggy that we shouldn't build up expectations- just sit back, have a cool one (or two), and watch things unfold. Things may not happen as soon as we like, but they will happen. And soon enough.

spiny