Ig,

Nice post. I think it confirms what a lot of us were thinking. Production has begun but has yet to ramp up significantly. I think that will happen soon.

My one question about what you said was in stating that there will be 300 million shares if they use shares to pay bills until they have enough revenue. Was it RK that said that, or was it your estimate? That's roughly 100 million extra shares, or $25M at present prices. I just don't see them needing that much money before they get enough revenue flowing. I also think that if they were really short on money that they would have delayed work on the Sinker by a couple months. Starting work on the Sinker just doesn't seem to fit with SFMI's past history of doing only what is necessary to get revenue flowing to fund everything else. The alternative, of course, is that they have a source of funding other than issuing shares. I know some funding came from committing gold from production. SFMI has also mentioned other sources of funding willing to loan them money to get to production. I'd rather see a pre-sale of product or loans than share dilution.

spiny