Well, thanks to all the update posts today and the news we see our little "engine that could" relentlessly moving forward. Very rough back of the napkin scribblings see 200 tons/day ( by May) x 6gm/t over 30 = ozs. (av. low ball tailings) x 300 days/yr. = 12,000 oz. x $1200 = $14.4 million US. gross.

Now, if we are optimistic and the grades from the mine waste (tailings) is as hgh as 2 oz/ton...then lets average down to 1 oz. that would come to 60,000 oz/yr x $1200 = $72,000,000 gross. Well, we can speculate all day but in any regard, if we include a PE of 16 (S&P) that would be $1.1 billion with 130 million shares (much less free trading) which would give SFMI a share price of over $8. Okay, there are all kinds of costs ...so let's halve that and say $4/share.

Now, consider the desperate demand for physical gold/silver that is now beginning to force the paper deviants to the what and just what do you suppose gold/silver producers will be able to get for the product selling direct?

As a backdrop to all of my above tales, here is just the latest from today with rspect to the heating gold/silver markets and the incredible demand for the real thing that has been building steam for 11 years.

Excerpt from MIDAS: