Here is a paragraph from a post by realmone on SH:

"It looks like the auditor Bill Uniack [W. T.Uniack & Co. CPA's P.C., Woodstock, Georgia] will be travelling to the mill site this week for verification of equipment etc. and then submitting the F10 Filing. Also, Mr. Quillam will be there for the week taking care of the remaining things to get the mill authorized for start up. I discussed the numbers as far as net revenues with him that are currently available on SFMI's website [ updated investor pkg., which is a very interesting read]. The numbers seem very realistic as long as gold/silver hold there values and other than short term, the trend should certainly be higher for precious metal prices. Keep in mind that there is enough tailing's alone [300,000 tons] to last ten years, unless they decide to increase the size of the ball mill. I think the net figures are about $650/ton. I queried him about the share buyback and he was adamant that this would take place as soon as the revenue stream started. With 15% of the net to go to buy back, the number of shares could add up to a lot of shares and really tighten the float. I think that after what seems like a very long wait we should see progress on a few fronts shortly. I think there is a few people watching this and waiting for the actual start up, a new listing, or some production numbers at which point they then may decide to par take or not. Mr. Quillam said the company also has quite an aggressive plan for the existing mines this year."

Basically corroborates what has been posted elsewhere, although this is the first time I have seen the name of the auditor posted. One thing that always intrigues me is the share buyback. With only ~79M shares, SFMI is not very diluted to begin with, and there are less than 35M unrestricted shares. A share buyback (which I presume would involve only the unrestricted shares, at least until the restricted shares become available) might eat into these numbers pretty quickly. However, since the share buyback will not start until revenue begins, I assume the share price will rise and the buyback program will be able to buy fewer shares. I'm really interested in seeing how this all plays out. From what I have gathered over time from various boards, there are an awful lot of shares in strong hands.

Some questions for the board:

Does anyone know when the various groups of restricted shares become free trading? Are these shares otherwise identical to the presently unrestricted shares?

Is the buyback program limited to the free trading shares?

If no one here knows, I'll forward these questions on to IR.