Well, we are off to an early start with 180,000 so far and up a bit to 3 cents. Looks like the anticipated news of the filing is positive so far.

As for the action this week we can expect lies and volatility coming from the market spin out inspired by Washington and coming out of Wall St. as all stats are twisted and marketed to "model". We will, and are, getting much conflicting news from different sources...and the big boys are pulling out of the DOW while pumping three of their stocks; Bank of America, GE and JPM. Suspicions are rife with rumour that something "major" is comng down...as in bad news.

The joke excuse for gold falling today (as "they" short like hell) is that there is low demand for gold ETF purchases. If that isn't ripe I don'tknow what is. With the Fed meeting this week "they" are wanting us all to believe that the dollar will rise, gold will fall and inflation is not a concern...all the exact opposite of what is really the case. It is getting rather worn and pathetic in the eyes of the rest of the world as the US tries to sell mucho treauries this week...again...more than ever to be purchased by printed US dollars and circuitously purchased via swaps with European banks and offsore entities. Rates simply have to start movng up now as the US will become desperate to finance it's terminal debt. whilst tax revenues free fall, already down by 17%.

Meanwhile Obama gets on TV and assures all that the recession is pretty well done as California goes bankrupt and massive layoffs of teachers, firemen and police grow across the US. Not a single statistc or indicator published on the media is truthfull from real estate to jobs to GDP as off-balance sheet toxic debt is hidden from view. The evil empire continues to pay off Congress, run the US Gov't. and pay themselves greed-inspired bonuses of shameful proportions...all thanks to the unwilling largess of the debt-ridden taxpayers with negative asset value in their piggy bank homes, which by the way, are predicted to further depreciate in value well into 2011 as the next big wave in foreclosures hits the prime markets.

There are whispers out there that there wll be a bank holiday on August 25th after the FDIC reveals that it does not have the funds to bail out 500 banks on the brink...some say over 1,000 banks... minus the 25 biggest deemed too big to fail. Americans are being warned in some quarters to have several weeks cash and supplies on hand to weather the coming storm. The charts are mimicking 1929 all over again as many bobbing TV heads expect a big stock rally. What will happen?

On and on it goes, so much so that it is all to much complicated and confusing for the beseiged unemployed (really at 22%) and those still working, mostly in the service sector, to figure out. MOPE, management of perception economics, a Larry Summmers epiphany, is in full force as Jim Sinclair reminds us almost daily. Robert Rubin hides in the shadows and continues to pull strings while Greenspan, supposedly out of harms way, postively pontificates while Bernanke lies most professorily.

And here we are in JPMs, woefully behind the curve and explosively overdue for catching up to all the markets... and the mispeak the physical, whose fundamentals defy gravity. Supply and demand is a law of nature and will not be denied.

A project like SFMI has all the hallmarks of being a rags to riches play for shareolders, reminiscent of the heady days of the late seventies when many such stocks went up 100 fold. Hard to believe but true. Check out the JPM action of yesteryear and now today, in Idaho alone and you will be surprised indeed. So where and when? Well, if Pierre can keep it all together (deadlines or not) he will become an incredibly wealthy man...which means the shareholders will also reap huge rewards. Can he do it? That my friends is why we are only paying 3 cents today for this adventure. IF you do your DD and spend an hour or so reading all the NRs and historical information readily available, much from government and previous projects, it will give you a pretty good idea of the odds. It has been unfortunate that shareholders have been subjected to many far too optimistic promises, deadlines and results to date. To be fair, there have been unexpected developments that have been most challengng for management... which have caused unforeseen delays. This is not abnormal during the evolution of a junior explorer, many of which do not make it to the finish line. However, this particular one has all the ingredients to be a thriving success...with odds of course. But remember, of those that are successful have had to wait much longer and raise multples more funds than SFMI just to get to square one, that being actual production. Check it out. JPM producers are rare as hen's teeth.

Many respected experts are expecting gold/silverto make very healthy moves this Sept/Oct and perhaps starting sooner. If so, we may just see the juniors move up much more than expected with the added leverage nature denied.