I was curious about the same thing last week. Here is the word from IR.

From: RICH KAISER/YES INTERNATIONAL [mailto:yes@yesinternational.com]
Sent: Friday, May 21, 2010 10:14 AM
To: Dan Jxxx
Subject: RE: SFMI - Clarification Please

SFMI will pay 15% on all historic tailings processed, no payment on unprocessed ore.



From: Dan Jxxx [mailto:DanJ@xxxx.com]
Sent: Friday, May 21, 2010 10:42 AM
To: yes@yesinternational.com
Subject: SFMI - Clarification Please

There seems to be a misunderstanding on whether royalties are to be paid by SFMI to GHDC on the above ground tailings and unprocessed ore. Can you please clarify?

Does SFMI owe GHDC the 15% royalty payment on above ground tailings and unprocessed ore?

Thank You,
Dan Jxxx
(DannyJ119)