Mining is expensive as you and the rest of the gold gurus here already know, especially to a start-up company like SF, going out and purchasing the hi-tech equipment that they have.
The company now has the floatation system in play, running tailings and soon new ore every day, allowing them to now submit shipments to Republic on a monthly basis. With some additional funding, the company can purchase and install the leach system, allowing us to increase our shipments from 100 to 1,000 ounces monthly. The leach permit is in place, and the company is communicating continously with agencies such as EPA and DEQ to move foward with the project once funds are in place.
Something tells me that the new ore in the main veins in the Tunnel are going to create a nice buzz.
Funding? The company has always had several avenues to retain funds thanks to the BODs, so I believe, because they have always managed to get the funds needed to proceed with their goal (to produce and prove the reserves on WEM, so they can be bought out by by a major) they will continue the path to make both SFMI and GHDC a success.
Pierre at 75, and the BODs, are dedicated to making this project successful no matter what anyone has to say negatively.