The junior precious metals markets are not without their complexity. ... including everything from filings to mining to milling. And by the way, isn't it interesting that all good information posted is easily verifiable with a little follow up research?

Getting the quarterlies out is a lot of work...and in Canada (as I am sure it is so in the US)they must be in by midnight of the last day of the 6th week from the end of the last quarter...June end. Hence, we will get them on August 16th.

DC brings up a good point. The grades processed to the end of June will not be representative of the grades processed from the end of June to mid Sept.going forward. These latter grades on average, could be much higher. The mill will have gone through much adjusting during the first few months from mid April initiation in order to reach peak efficiencies. It requires the toil of qualified, experienced engineers to adequately perform such challeneges. Also, it is expected that the mill will ramp up to over 500tons/day anytime now. The "ore" from the various ore piles from the various shafts which had different gold and silver content...with a small percentage being processed ore from the historic stamp milling,should not only increase in grade but also output...therefore the profitabiltiy going forward will only rise.

Speaking of grades and profitability, we hear from Barrick today that their processing costs per ounce of gold is $457/oz. If you check out many producers you will see that their processig costs are between $400 and $500/oz, with many as high as $900/oz. SFMI processes gold equivalent ounces for $50/oz. from their available 500,000 tons or more of above-ground ore/tailings....that is about 10% of Barrick's cost to 5% of many others!

Additionally, SFMI has a huge deposit of high grade gold and silver ore in War eagle mountain. Historic reports estimate this to be anywhere from 5 million to 10 millon ounces. Also, at this preliminary time, estimates for the cost of producing the deposit ore are about $150/oz. ...again, about 30% to 60% cheaper than most. It is my understanding that these lower costs/higher profitability estimates are due to many factors such as in-place mine infrastructure, stable granite geology, high grades and ease of access...with a mill on site.

As cash flow and pofitablilty increase each passing month going forward all good things come to those who wait. With a stock buy back plan on deck ...fewer and fewer shares will be available. SFMI is very attractive now as an investment target from private sources. As the price of gold and silver continue their march upward, large, high grade deposits such as SFMI has, which are very rare on planet earth...are being carefully watched and secretly coveted by large concerns. It wouldn't be/isn't surprising that they would salivate at the chance to pick it up as cheap as possible. It is not a stretch to see why any negative spin that could be manufactured, would be.

The enticing part of the SFMI advnture is that it does not have to emasculate itself by showing its under belly to the usual sources of treacherous financing that are destroying/have destroyed many small explorer/developers...few to none of which have advanced to the production stage over the last ten years. Many, if not most, have had to contiunuously dilute their stock to the 300 to 400 millon level for ongoing, insatiable, life support funding...and most still have a long way to go, and much more capital to raise before even considering a mill. The funds and others are having a hey day cannibalizing any with potential...postioning them for a cheap takeover from predatory concerns and producers.

SFMI is a rare, precious bird indeed and to think that some would ridcule it because the CAM is not working, or news is not coming out fast enough etc....is emabarassingly self-evident for them in itself.