SFMI is in no danger of not being able to finance everything. They have investors lined up for whatever amounts they could conceivably need.

PQ said 18 months to mining at the last meeting. Obviously it will be a bit longer than that. Overly optimistic timelines have been a problem. But in this case it's not all their fault. For example, MSHA has recently decided they need to rockbolt the entire length of the Sinker. So more delay in drilling, which should begin after that is finished. Delays are not that much of a problem with me- I expect them- as long as progress continues at a reasonable pace. And SFMI has made huge progress.

As was posted elsewhere, at 3g/t (the latest overall average) they need to process about 200 t/d to break even. At 6 g/t (which is possible with the on site lab helping to screen the ore to be processed), it's 100 t/d. That's easily within sight after the mill expansion and improvements. So at the very least, the mill will offset much of their costs, if not turn an overall profit.