...for such a big day.

Is it just relief that we finally got some of the news we were expecting? Or a letdown that we knew this news was coming, but didn't really get the numbers we expected with it? Without the separate amounts of gold and silver, and the grade/tonnage of the ore they were processing, we can only guess at how much the dore bars are worth, and how much revenue they are generating at the present production rate of 106 tpd. It would also be nice to know how much concentrate they have stockpiled. And did they just remove the native metal from the concentrate, leaving behind most of the silver as sulfide, or did they reduce all the silver to metal. If the former, the dore bars may be enriched in gold, with more silver left in the remaining 200+ lbs; if the latter then the dore should reflect the gold:silver ratio in the ore.

Don't get me wrong, this was a big announcement. It is a huge step to be so close to having revenue (they still have to value the bars and sell them), but it is also a typical SFMI PR that in some ways brings up more questions than it provides answers. We knew they had sent concentrate to the smelter, and we knew they would be producing dore bars. What we wanted with this announcement was more numbers- amounts of silver and gold (separate, not combined weights!), grades, tonnages, revenue. While an announcement like today's will goose the stock price a bit, the real fireworks will come when numbers come out that show just what kind of ATM SFMI is sitting on. I guess we have to wait.

So when's the next PR? It's been almost half a day already!