That blog is repeating all the current mantras of the basher corps. I've seen numerous posters repeating the same talking points on a number of boards. It quotes the "appraised" value of the War Eagle property as being $360k without mentioning that that value was based on recreational use only, not mineral rights or value (and that was stated specifically in the appraisal- a fact the bashers either don't mention or twist to mean that there is no mineral value). I agree that the lease w/ Goldcorp could be more in SFMI's favor, but it by no means makes this the worst investment ever. $1m/year is minor in terms of what this property can generate. 15% smelter royalties is high (I've usually seen 3-5%), but if this property produces at the grades expected, operating costs should be low and 15% won't be so bad. And if the price of gold stays anywhere near current levels, much less goes up, then that 15% will be a nuisance, but certainly not a company killer.