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Message: PATIENCE

A few comments-

Yes, most of us here (as opposed to the other board) know that getting a mill running efficiently at high production is not accomplished overnight. I'm certainly willing to wait for that to happen. However, that doesn't mean that IR couldn't be better. There's no reason not to keep us better (and more honestly) updated on progress.

I think your value of 5-7 gpt for the lower grade ore is probably low. SFMI at one point gave a value (from previous assays, I think) of 0.75 oz/t (or 23 gpt). I have heard it's running more like 0.6 oz/t (18-19 gpt), still a very decent grade. Wouldn't take long to accumulate 1000 lbs even at the low end of the production rate.

I guarantee you that the recovery rate will be over 50%. Even the old stamp mills of the 1800s did that. I would guess more in the high 90s. 100 tpd, 2 oz/t, is 200 oz Au/day, or $270k. That covers the rent and an entire month's burn rate in one day.

And you're right. Increase the production rate, and get some of the higher grade ore out of the mountain, and the numbers get pretty big pretty quickly...

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