With the .75 oz. Au equivalencce having about half Au and half Ag, total Au/t is 11.6 gm. and total Ag/t is 25 oz. with what they are presently milling. That turns out to be a ratio of 1 oz. Au to 66 oz. Ag in what they are presently milling.IR has said that the milkl will go to 100 t/d probably this week (50 t/shift @ 2 shifts/.day)

IR has also said that around this present week the mill will go to 100 t/day (50 t/shift @ 2 shifts/day). By July, the new rod mill will increase 2 shifts/day prod. to 400 t/day. Pierre has said that he expects to save one third of profits as savings. IR says we will save money from the present mill to build a 2,500 t/day mill. Permits alone will take at least 1 yr, with the building commencing from there. The larger new mill will use chemical processes to extract every gm. we can from the ore. As a result, it will be more difficult and time consuming to get the permits, since it will not be just a mechanical and water only system for Au-Ag extraction.

I agree that .75 oz. Au/t is the good part of the tailings rather than the "low end stuff". The 6 gm./t Au are closer to the norm for most of the tailings, and that makes the .75 oz. Au/t something the geologists found in only a part of the total tailings. IR said recently that we may have 700,000 t of tailings worth $90. mil in total. At $90. mil., the per ton value would be $128./t for the whole 700,000 tons. IR has said that some of the tailings are high oz's. /t, which means that there are a large % of the 700,000 t that are less than 6 oz. Au/t to average out to $128. /t overall. This business of 2 oz. Au/t just does not add up to what IR and the SFMI press releases have said about the gm./t values in the tailings. I wish it were going to work out to 1 oz. Au/t in the tailings, but it won't. I think that the drilling from this summer and assays that SFMI has, but not yet released, will be oz's. /t Au and 50-100 oz's. /t Ag. The tailings are not the main revenue, and I am definately long on the company.