A few more excerpts and comments from and comments on the 10K:

"We estimate that the exploration phase will take about 18 months from mid-April 2013"

Does this mean the exploration program (drilling) starts now?

"885,664,295 Class A Shares and 15,865,419 Class B Shares as of March 15, 2013."

Way too many, especially considering 180M shares were issued for compensation in JUST ONE YEAR. And another 55M have been issued in compensation so far this year. I realize that paying in shares is better than cash, but if you look at the compensation amounts, most are completely unjustified (remember to add in GHDC). PQ, CQ, and PT (PQ's daughter) get well over $2M from SFMI alone! And what does PT do to get $274k just from SFMI, including over $100k in bonuses and options? Wasn't she the one that screwed up the claims renewals? Wouldn't firing be more appropriate than a bonus?

" Until our leaching line is commissioned, we are smelting our concentrate into dore bars after an onerous and time consuming partial separation of the precious metals from the sulphides to which they are bound by nature. The concentrate that we cannot process in our temporary smelter due to capacity constraints will be stockpiled until our leaching line is operational."

What awful writing. I think this confirms that they can remove the gold from the concentrate, but most of the silver can't be removed without adding fluxes that I don't think they have the permits for (my interpretation). But I do think they have a lot of slag stored up that contains most of the silver. Might amount to something when they can recover it with the leach system.

"generated revenues of $162,141 in the year ended December 31, 2012 and $174,002 in the year ended December 31, 2011."

Bad enough that they only generated $162k, but even less than the year before? I sure hope that the flotation system performs as advertised and that they are indeed making monthly shipments. And if they are, we need news. NOW! And we also need to hear more about Sinker ore, hopefully grades but even better processing and revenue.