As I said, I seriously doubt that if SFMI spends $12M on a share buy back in the next year that they will be able to buy anywhere near 60M shares (the equivalent in today's prices). That's 5M shares/month, or about 1/4 the present volume- which is mostly the same few shares being traded multiple times/month. So either they'll buy back the whole company in 4 years, or drive the share price well above where it is now. I think I know which of those two possibilities is more likely.

As we all know, the present sp is a joke. The market simply hasn't taken SFMI seriously yet. No acknowledgment that they are producing, no acknowledgment that they will be generating huge revenue, no acknowledgment of the coming share buyback program, no acknowledgment of the 800,000 tons of high grade ore waiting to be processed, no acknowledgment of the literal mountain of silver and gold they have waiting for them to mine. I just hope that at least some of the buyback occurs while the sp is low before numbers come out that force the market to open their eyes to what is going on here.