Talked with Kaiser......

1. Metallurgical lab is done....

2. Rock bolting still in the works.

3. Don't expect drills in January...hopefully in March. Mining takes time...if you been to WEM and the mill. The drive to the Sinker Tunnel from the mill is quite a drive. Its a dirt road and the road is closed during the winter months to tourists.

4. Lawsuit regarding JMJ for breaking contract and shorting the stock...Federal Crime.

5. Flotation system still in the works....

6. Allen Simon still in the picture..interesting, he maybe become a BOD in 2013. Paul Parliament has been a blessing..told he put in $3 million of his own money.

7. Since SFMI is still an exploration company, they can only extract 5000 tons of ore per year from within WEM. ( Do you smell buyout or merger?? )

8. GHDC is pursuing other ventures outside of SFMI ....

9. As far as dorebars...major miners get first crack at the refiner in Miami. Barrick Gold jumps first in line.

10. All mining companies are at a low...Newmont fired executives..

Stay tuned...Happy New Year

ps....if you want to rebut this..call Rich Kaiser. Just writing what was discussed.