I expect news too.

So, let me ask you a rhetorical question, Garick: Is it really some kind of shock that restricted shares and things such as warrants are part and parcel of money raising activities?

Really?

REALLY?

Suppose it were true that SFMI had spent the last year securing a very impressive claims portfolio on War Eagle Mountain?

Guess what people.... thats exactly what they did.

Here are the 2010 and the 2011 10Ks and they show that SFMI has vastly added to it's claims position, and as such, it has greatly improved its value as a company.

Last year's:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7837890

This year's:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8539985

Here are the facts, people, about whether all that the SFMI insiders are engaged in as a a business plan to gut the value of the company via self-serving, pocket lining dilution, leaving ordinary shareholders with little, if any, value.

Total claims acreage added 2011 - 859.4 acres

Number of claims added - 56 claims

Their actual results were a huge increase in the asset value of the company.

Quote: They are not merely issuing shares. They are building the basis for value and offsetting the paper dilution caused by restricted share issuance against added asset value via claims aquisitions.

And how much have they increased their claims position? THE TWO MOST RECENT YEAR 10K's CONCLUSIVELY SHOW THAT SFMI INCREASED THEIR CLAIMS HOLDING POSITION OVER 16 FOLD.

16 fold, people!! 16 fold!

Far from merely diluting, this company has issued restricted shares to entities that are persuaded that the increased claims holding position, together with the high quality of the concentrate being ground up from the mill, means there is a lot of gold on War Eagle Mountain.

Quote: Total claims acreage added 2011 - 859.4 acres

Number of claims added - 56 claims

859 newly added acres.

56 newly added claims.

A 16 fold claims position inmprovement!!!!!!

Quote: The facts from the 10Ks do not support the theory that SFMI is diluting and gutting the company. Simple as that.

And note another thing too:
All the claims they added this year were LOAD claims.

Question:
Why is it important that all of the claims SFMI added are LODE claims rather than PLACER claims?

Answer:
Because LODE claims are hard rock claims, on which you DRILL!!

Here is the link that explains:
http://en.wikipedia.org/wiki/Mining_Act_of_1872

LODE CLAIM - A lode claim, also known in California as a quartz claim, is a claim over a hard rock deposit

PLACER CLAIM - A placer claim is a claim over gold-bearing sand or gravel, often along a stream or river.

The following is a direct excerpt from last year's 10K, Pages 7 & 8

Quote: LAST YEAR
Owned Land and Claims : We also own the following claims:

Name Type of Claim Acres

Sinker Tunnel #1 Unpatented Tunnel location 20.6
Sinker #1 Unpatented Mill site location 5
Sinker #2 Unpatented Mill site location 5
Sinker #3 Unpatented Mill site location 5
Sinker #4 Unpatented Mill site location 5
The Cumberland Lode Patented Claim 5.927
The Louisiana Lode Patented Claim 5.927

And the following is the same section from this years just filed 10K, pages 7 & 8:

Quote: THIS YEAR

Owned Land and Claims : We also own the following claims:

Name Ownership Interest Type of Claim Acres

Burka #1 100% Unpatented Lode Claim 18.85
Burka #2 100% Unpatented Lode Claim 14.75
Burka #3 100% Unpatented Lode Claim 12.75
Burka #4 100% Unpatented Lode Claim 20.00
Burka #5 100% Unpatented Lode Claim 4.00
Burka #6 100% Unpatented Lode Claim 14.00
Burka #7 100% Unpatented Lode Claim 9.95
Burka #8 100% Unpatented Lode Claim 19.05
Burka#9 100% Unpatented Lode Claim 18.25
Western Horn #1 100% Unpatented Lode Claim 18.50
Western Horn #2 100% Unpatented Lode Claim 20.00
Western Horn #3 100% Unpatented Lode Claim 19.50
Western Horn #4 100% Unpatented Lode Claim 20.00
Western Horn #5 100% Unpatented Lode Claim 20.00
Western Horn #6 100% Unpatented Lode Claim 20.00
Western Horn #7 100% Unpatented Lode Claim 20.00
Western Horn #8 100% Unpatented Lode Claim 13.50
Western Horn #9 100% Unpatented Lode Claim 20.00
Western Horn #10 100% Unpatented Lode Claim 20.00
Western Horn #11 100% Unpatented Lode Claim 20.00
Western Horn #12 100% Unpatented Lode Claim 20.00
Western Horn #13 100% Unpatented Lode Claim 20.00
Western Horn #14 100% Unpatented Lode Claim 20.00
Diamond Creek #1 100% Unpatented Lode Claim 20.00
Diamond Creek #2 100% Unpatented Lode Claim 20.00
Diamond Creek #3 100% Unpatented Lode Claim 20.00
Diamond Creek #4 100% Unpatented Lode Claim 20.00
Diamond Creek #5 100% Unpatented Lode Claim 20.00
Diamond Creek #6 100% Unpatented Lode Claim 20.00
Diamond Creek #8 100% Unpatented Lode Claim 9.85
Diamond Creek #9 100% Unpatented Lode Claim 7.25
Diamond Creek #10 100% Unpatented Lode Claim 19.75
Diamond Creek #11 100% Unpatented Lode Claim 17.00
Diamond Creek #12 100% Unpatented Lode Claim 13.00
Diamond Creek #13 100% Unpatented Lode Claim 14.75
Diamond Creek #14 100% Unpatented Lode Claim 2.50
Diamond Creek #15 100% Unpatented Lode Claim 6.50
Diamond Creek #16 100% Unpatented Lode Claim 5.25
Diamond Creek #17 100% Unpatented Lode Claim 2.00
Diamond Creek #18 100% Unpatented Lode Claim 2.85
Diamond Creek #19 100% Unpatented Lode Claim 6.85
Diamond Creek #22 100% Unpatented Lode Claim 8.00
Diamond Creek #24 100% Unpatented Lode Claim 17.25
Diamond Creek #25 100% Unpatented Lode Claim 18.65
Diamond Creek #26 100% Unpatented Lode Claim 17.50
Diamond Creek #27 100% Unpatented Lode Claim 5.50
Diamond Creek #28 100% Unpatented Lode Claim 4.75
Diamond Creek #29 100% Unpatented Lode Claim 7.25
Diamond Creek #30 100% Unpatented Lode Claim 20.00
Diamond Creek #31 100% Unpatented Lode Claim 16.85
Diamond Creek #32 100% Unpatented Lode Claim 20.00
Diamond Creek #33 100% Unpatented Lode Claim 20.00
Diamond Creek #34 100% Unpatented Lode Claim 20.00
Diamond Creek #35 100% Unpatented Lode Claim 16.00
Diamond Creek #36 100% Unpatented Lode Claim 17.00
Diamond Creek #37 100% Unpatented Lode Claim 20.00
Sinker #1 100% Mill Site Claim 5.00
Sinker #2 100% Mill Site Claim 5.00
Sinker #3 100% Mill Site Claim 5.00
Sinker #4 100% Mill Site Claim 5.00
Sinker Tunnel 100% Tunnel Site Claim 207.00
Cumberland 100% Patented Lode Claim 5.93
Louisiana 100% Patented Lode Claim 14.00

859 newly added acres.

56 newly added claims.

A 16 fold claims position inmprovement!!!!!!

The facts from the 10Ks do not support the theory that SFMI is diluting and gutting the company. Simple as that.

Oh... and in case people are interested, I made pretty much the same points in an earlier post, found here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75178851

My opinion, Garick, is that SFMI will very soon announce more money raised, just as the 8K from Friday showed us.

Bear in mind that Friday's 8K was not PRed. My guess, then, is that there is certainly a PR in the works and that it will cover more than just Friday's 8K.

Thats how I see it.

Hope this helps.

Imperial Whazoo