I wouldn't call it low mill efficiency but the lack of equipment to increase the efficiency improving the recovery rate.

SFMI is creating a small amount of revenue because of the low recovery rate and the revenue pays for labor. Daily, SFMI is storing more and more concentrate. Rather than waste it at the refiner. Take just enough dorebars to the refiner to pay for labor working the mill. NO MORE SHARE PAYOUT FOR LABOR AS PQ LEARNED HIS LESSON WITH BILL EARL.

New items coming to the table to increase the efficiency ( recovery rate )

1. Shaker Table

2. Flotation System

3. Cyanide leaching system depending if any appeals have been filed. 20 days appear to be up.

Storing the $7 million plus concentrate is an excellent source of collateral for future loans.

As far as the huge share payouts (salary ) ....I wasn't happy about it. But what I heard is that they hadn't been paid in three years.

I am assuming this will be on top of the question list for the BOD at the SHM.