Many of you don't know who I am and others of you have met me at share holders meetings over the years. Some will remember me as "Silver Falcon" at I-Hub from past years. To establish my credibility let me just say that my original shares in the SFMI came to me as converted shares from Dicut which was PQ's previous failed venture which I owned stock in. So I have literally been involved with both PQ and RK since long before SFMI ever existed. Second, the value of my current shares in SFMI which have been steadily accumulating (including in recent months) have a value greater than even Pic's combined shares in GHDC and SFMI.

Pic, I have greatly appreciated your passion and support for SFMI over the years. You have made valuable and appreciated contributions to this and the I-Hub board for a long time. THANK YOU for that. But let me encourage you to realize that you do your own credibility no favors when you begin attacking and implying that a poster like Sinbob has some nefarious hidden "agenda". Sinbob simply posted FACTS and direct QUOTES from the press releases put out by PQ and RK. He expressed some righteous frustration and anger about the long track record of we stock holders having been mislead (a stronger word could be used here) and with timelines left unfulfilled even in some cases years after we were told to "expect" certain things. I'm encouraging you to back off from immediately questioning the "agenda" (motives) of anyone who ever does this. Sinbob and many others have earned the right to do this without being questioned by you.

I have sat over lunch at the first two stock holders meeting (I was unable to attend the most recent one) and defended both PQ and RK to other share holders. However, at this point I find that really difficult to do given the repeated nature of their poor communication and execution of the masterful business plan they sold us all on. I believe it is completely appropriate and maybe even helpful for significant share holders to begin expressing our indignation. What is the downside to doing what Sinbob did at this point? That the stock price will go down even more? Who cares? No one in their right mind would sell these shares whether the price is .04 or .01. So what difference does it make if some sabor rattling at our management causes a temporary short term further decline in the already rediculous share price? It is already so insanely under valued that it seems of no consequence in the big picture. If speaking the truth has some chance of stimulating some positive change then it should be done.

With all this said, I agree with you Pic that in the end it seems very unlikely that there is any mistake PQ can make that will keep us from one day having a very significant payoff from our investment. That is why I have still been buying shares in recent months. The evidence is overwhelming that a major deposit of gold and silver are there in WEM. And the silver lining to all the delays and mistakes has been some extremely positive developments like the aquisition of many more claims covering much more of the mountain.

Respectfully submited, Silver Falcon (aka.- Mr Z)