Below are some of my thoughts and questions going in to the SHM. I hope others will also post their thoughts and issues they think need to be addressed. Focus on the big issues that can be corrected or improved, not on minor details or water under the bridge.

There are a few positives: The gold and silver are still in WEM, and progress has been made. It looks like the permitting processes for the mill and the Sinker are moving forward (though years late, IMO), and the funding process also appears to be moving along (though again way too late- this whole thing could have been funded for 100M shares back at .20).

However, there are a number of negatives that need to be brought up and addressed at the SHM. These include:

Why wasn't the mill inefficiency communicated and dealt with long before two years had passed? What about the rest of the permitting process for the leaching system?

What happened to the regular shipments of dore? Where is the revenue?

Why no drilling that has been promised for years?

Why no promised 43-101, even if it would be primarily historical?

Why haven't professionals been brought in to run the operation and make better and more timely decisions?

This last question brings up the role of the Qs.

Why are unqualified and incompetent Qs still on the payroll, and the BOD? Their continuing presence on the board of directors is directly counter to their stated objective of getting on a major exchange, which will not happen since the major exchanges do not tolerate the kind of nepotism going on at SFMI.

And most importantly, why are the Qs being paid so much for what can only be characterized as abysmal performance? Even before this year, their pay scales were outrageous, even before bonuses (for what?), perks, and options. Then consider that they are also being paid by GHDC (for what? GHDC doesn nothing but manage the claims and collect rent, and a Q screwed up the claims renewal). Then, to pour salt in the wound, the Qs had their already outrageous salaries doubled and tripled this year (for what?), and more bonuses and options piled on top of that (for what?). This year alone, they have given themselves over 100M shares, or one sixth of the entire company.

When you consider that the delays in many of the important areas were due to funding problems, having the Qs siphon off the funds like that ($3700/month for PQ's car allowance?) is a complete abrogation of the fiduciary duty of management and the BOD. It would be different if the Qs had run the company competently (or even better, turned it over to mining professionals) and the company were now running at a profit, had proven up the resources of WEM, and maybe even started mining new ore. But to gorge themselves on shares, money and perks when the company is still in the money losing exploration stage is close to criminal.

I think it's going to be a very interesting SHM. Even if if PQ does come up with a positive PR in the next few days, unless it includes returning a boatload of unearned shares to the company there are going to be a lot of POed shareholders (owners of the company, BTW) at the meeting.