Right after the meeting some of us talked to Pierre. One of the things he said was that probably the large tub of Au-Ag concentrate would be sent to the refiner so that shareholders would get an accounting of tonnage and oz./t as well as total $ produced. He also said that this might happen by christmas- or first of the yr.

He talked about conversations with mine lawyers concerning our use of the Sinker Tunnel. If SFMI finds economically mineable amounts of Au or Ag in the walls, floor, or cieling of the sinker tunnel, we apply to BLM for a quitclaim deed to the exposed PM area, and BLM by law will give us a lateral claim block from which we can extract the PM's. It sounded like we could continue to apply for other quitclaim deeds to any other economically mineable veins we come across. The importance of this is that we can claim and mine from inside the mt., using the sinker tunnel as our conduit to mine the mountain, even if our new quitclaim deeds are under patented claims on the surface. This is really major good news, as it means we don't necessarily have to buy all the 15-20 patented claims on WEM that we don't now own. If we can see the mineralization in the sinker tunnel - as part of a continuous vein- then quitclaiming through the BLM, will allow us to keep mining the vein inside the mountain, no matter who owns the surface rights.

This info about our ability to use quitclaim deeds inside the mt. is the best news I heard at the meeting, as it solves some of SFMI's problems of buying (maybe?) the patented claims we want on the mt, but don't own. The patented claims we want to own , but don't, are on the ORO Fino Vein system on the east side of WEM. This new info makes moot our not owning those patent mining surface claims. The info on production, oz./t, and total $ produced so far are small matters upside this news.

Ed