It's taking longer than I expected, but at some point we will see some numbers- mid August at the latest, when the quarterlies come out. But let's play with what we have so far. Taking the announced processing rate (140 t/d) times the lowest grade reported so far (.75 oz/t Au eq) times $1200/oz Au times 360 days is just over $45M. Subtract $3M for milling costs and the NET is $42M. The present market value of SFMI is around $35M. A producing gold mining company trading for less than a year's profits? Nothing else comes close. Some base metal miners trade around 3X cash flow, but the multiple for PM miners is usually in the 10-20X range. So the market value of SFMI should be an absolute minimum of 3X, but more likely 10-20X the projected cash flow based on those numbers. With ~220 M shares, that's a share price of .57, 1.90, or 3.80. Take your pick.

And those are the lowest numbers we've been given. Let's assume they ramp up to 400 t/d and process the 2.45 oz/t ore. The gross/yr is over $423M! Even subtracting $10M for milling costs (oh heck, let's be cautious and say $15M, twice the announced $50/t), and round down to $400M NET. That's over 10X the present market value! At 3 x $400M cash flow, the market cap would be $1.2B, 10X gives $4B, and 20X gives $8B. That corresponds to share prices of about $5.45, $18.18, and $36.36.

And mention has been made of increasing the milling capacity to 2500t/d. Multiply those share prices by 6.

I think we may be in for some real fireworks when the numbers come out.

(PS- I know I've used net and cash flow rather loosely.)