SFMI, one of the miners I mentioned before, sent their first shipment of 500 lbs of gold/silver concentrate to the smelter recently, representing the first 20 days of mill production. Their latest update says they got 258 lbs of dore bars out of it- but I have also heard that the smelter only removed the native metal, and that the remaining 200+ lbs still contains much silver sulfide and will be saved and processed later. Reports are they have another 5000 lbs or so of concentrate ready to ship. SFMI is waiting for assay results from the dore so they will know just how much revenue they will receive for it, but word is that the bars are >30% gold, which would make the bars worth well over a million ($1.3M) at $1150/oz gold net back after smelting costs. That translates to $23M/yr. But that was for the lower grade ore they used to start up the mill. They will (or most likely already have) switched to ore that's several times the grade of the stuff they used initially. That means SFMI will generate more revenue next year than their present market value.

The share prices of both SFMI and GHDC, the holding company that leases them the claims, have risen quite a bit in the last week. I expect the sp to rise even more when the assay results come out, which should be this week.

BTW, SFMI also announced they will be using 15% of gross in a share buyback program.