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Message: another great post from IW that this board should read
Imperial Whazoo

No prob, man.

The logic behind NOT toeing the line and selling out the value of the company via a never ending cycle of drilling programs....

very risky and prone to get the company insulted and mocked to no end, but these guys have huge piles of ready-made millable rock-piles and SFMI's management, IMHO,wisely choose to NOT engage in financing activites that are nothing more than eating your own company, for no better reason than to please the suit and tie crowd who only wants you to toe the line so they can steal yourcompany....

The plan SFMI has all but delivered on is to keep debt as low as possible....

dilute as little as possible....

build a mill on a site they own as quickly as possible....

get FINRA uplisted approval in a mere 44 days (unfriggin' unfathomable accomplishment, that was !!!!)

get a record of success regarding SEC filings and so forth...

Etcetera... etcetera.... etcetera....

AND then.... AND ONLY THEN get about defining the asset in the industry approved manner
(which they are now committed to getting done this summer.... DUH!!!)

The advice the suit and tie crowd serves up.... Do many that did the 43-101/drilling program dance steps build their mill in the first 2 years of existence?

Not hardly LOL.

We did, though.

We did because we repudiated the flawed advise that we needed to follow the well traveled path and we put the cart before the horse and we maintained our company under the greatest possible level of non-external control....

And we are now in possession of a contract for 7.2 million that did not have to have a 43-101 done to get the committment....

....That did not have to involve years and years of tranches and privateplacements and superior classes of restricted (READ "advantaged" for "Restricted) shares....

Or massively diluting warrants and/or preferred shares....

Or any or the normal financial back flips that doing a 43-101 and multiple drilling programs actually involve.

It is no mystery why every professional opinion of the path SFMI took is pissed off at SFMI because the fact is that, in SFMI's case, the suit and tie crowd has not succeeded in using the industry standard approaches in the manner they are used to, and the result is that SFMI is not falling into outsiders hands as the price of getting up and going.

And SFMI has built its mill and tuned it up by sticking to its P's & Q's rather than following the pied piper to futility

And done so in its own time and according to its own fully rational plan....

It has gotten to the point where doing 43-101s and drilling programs are now appropriate as the next logical step.....

And the drilling programs and 43-101s SFMI is about to do are self-financed, and doing them is not going to require that SFMI enter into deals that essentially amount to having the company consume itself in the process.

So, yeah, I'm kind of looking for this chart to ramp up over the summer.....

Been a long time coming but it sure looks like this is going to be some kind of fireworks show pretty soon

:o)

Imperial Whazoo

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