Pic,

I think another one of SFMI's problems is the amount of dilution each one of these financing rounds creates. Correct me if I'm wrong, but this first financing brings in a total of 2 million bucks with almost 100m shares of dilution. If this is correct then they need to do 2 more rounds to get the 6 million needed to drill and a further 200m shares of dilution. I fully expect them to have over 1 Billion shares outstanding by the end of the year. This means they'll be about 4 shares of SFMI to every one share of GHDC. At that ratio, GHDC should trade at parity or better to SFMI based on an earnings basis (actually GHDC should be the only one having any earnings since they're finally receiving the leasing royalty).

They also need to complete their smelter and start smelting the 30-35 thousand pounds of concentrate they've stockpiled to generate some revenue going forward. They claim it's worth over 4.5 million dollars so why aren't they getting on this. It would go a long way to diminishing the dilution factor and need to generate more financing. They initially said the lab, smelter, and vault building costs 600K and a lot of that work is already completed.....so what's the problem?

It's summer time in Murphy and they need to get off the dime!

Semper Fi,

Bluesideup