On top of which, it needs to be added that SFMI is deliberately methodical. Call it slow. Call it mismanagement. Call it as it looks to each person gazing on it. To me, it looks like a geniune example of a venture that dares to crayon outside the approved lines, and is succeeding at a pace that is actualy well ahead of the other companies who are attempting to build a successful company the "traditional way".

As I see it, it is simply a fact that the thing other companies sacrifice in their pursuit of speedy progress is that they ineveitably have to sell off the company to vultures of a financial type in order to do that speedy progress.

SFMI has deliberately eschewed treading in the minefield of the accepted approach to developing a mining company.

Deliberately!

Well done, I say!!

Well done indeed!!

This deceptive minefield that is the accepted and approved approach is littered with wrecked companies who miscalculated and ended up eviscerated by these outside financial vultures they sold to in order to finance their precious Sprint to Success .

So SFMI is slow. By whose standards?

By the measuring stick of how much financial damage is typically necessary to even get a single pile of rocks that can be ground up?

If thats the yardstick by which a potential miner becomes a producer, then SFMI has lapped the others who are on the racecourse dozens and dozens of times by now, because, unlike these others, they have 800K tons above ground and they have been generating concentrate from their own mill for almost a year and a half. So much for the alleged superiority of the accepted, normal approach, LOL!!

How many other "littles" are there who, after a mere 5 years of attempting, have sacrificed their future to put the world on notice by the great and glorious 43-101 pursuit?

Most of such companies disappear while they are busy selling their future to offer sacrices on the alter of the 43-101 worship system, LOL.

Quote: All too many of them end up silently taken private by the financial saviors they turned to to finance their need for speed!!

The goals of the "standard approach" is to get a 43-101 out. If this approach is lucky enough, they eventually get some rock above ground.

Eventually.

Big whoopie! SFMI, has 800,000 tons of above ground rock already in place.

They don't have to sell the future to worship at the alter of the magical, mythical, and hugely expensive gamble called "The 43-101".

It appears to me that the chief crime SFMI has perpetrated is not dilution or nepotism or inexperienced management. It is that they have refused to let outsiders progressively control the company. They have not financed a risky 43-101 dilling program so they could raise more money by selling more of the company.... then doing it all again, over and over, until little of the company is ACTUALLY held by people who are not outsiders

IMHO, the high priests of this industry are deeply offended that SFMI has held back on setting foot in the "Temple of Doom" that is called the 43-101.

Quote: People fail to cognate that a 43-101 is always an expensive gamble: you sell out to finance it and it has to return good numbers or the people you sold out to, to get financing, can steal your company.

SFMI has made it abundantly clear that they will eventually show up and bow down to the alter of the 43-101, but only after taking a long drink of liberty and freedom by exploiting their obvious advantage: THEY ALREADY HAVE HUGE PILES OF ROCK ABOVE GROUND WHICH OTHERS SELL THEIR FINANCIAL SOULS TO EVENTUALLY GET DONE!!!!.

Quote: Thats what the much maligned business plan of SFMI amounts to, IMHO: a poke in the eye of the sacred high priests of "this is the only way to do it" in the industry.

So what, I say.

Bravo!

Nice play!

Keep it up, "greedy", nepotistic, inexperienced, insiders!!

What attracted me to this little company is precisely the thing that infuruates the priesthood of the industry: Because of the 800K tons of already-above-ground-rock, SFMI has the freedom to avoid the financial minefield that dictates that, by in large, all the ordinary companies out there have to sell out to outsiders to finance their present endevours.

And what has SFMI done to finance things? Kept it in family, thats what.

Nepotism.

How evil.

:0)

Why.... its obvious that its far better for shareholders to have vicious financial predators progressively seizing chunks of the company, as opposed to having a "greedy" family take the risk of doing the impossible independently; without leaning on the fakery of the "helping hand" offered by the financiers who are the high priests of the industry worship system.

IMHO, it is as obvious as the nose on anyone's face that what is ACTUALLY infuruating the high priests of the industry is that SFMI dares to act like it can do this thing in a way that avoids the requisite sellout that is the usual course in the industry.

Its obvious to me that SFMI intends to sell out... but not to do so at the start. They fully intend, and are well down the road, to sell out once they have built and MAINTAINED CONTROL OF what they build.

In that succeeding at such a plan serves my interests very well, I have to say that I like their spunk and that, IMHO, it looks to me like they are doing a mighty fine job of making me rich by doing so.

So go to it SFMI "greedy insider management team"!!

Keep on keeping on with the business plan that has let you employ the 800K tons of ABOVE GROUND ROCK that are your advantage!

Build out the mill, more and more!

Cleanse the liability side of the books so the balance sheet is more and more good-looking to potential partners and buy outs.

Grind up those piles!

Stockpile the concentrate!

Add that smelter and/or that refinery!

File for this permit and that certification and whatever is necessary to open up the Sinker!

Go ahead and get the local community behind you as you add to the tax base, as you supply jobs, and as you pursue the cyanide permit!

Go team go!

Personally, this is a tremendously liberating example of the beauty of daring to crayon outside tha "approved" lines!

Well done SFMI.

Well done indeed!

IMHO, that is, LOL.

Imperial Whazoo