What you mean"we" Tonto? (old joke before your time).

The quarterly is updated to the end of September the way I understand it...so the TPD would be 70 TPD at that time...over 6 weeks ago. It could easily be 125 TPD now...and of course, the mill feed culd ver easly be 2 to 4 oz/ton. So, what is happeneing today could well be exponentially more lucrative than 6 weeks ago.

As for the break down in the royalties...it matters not on a buy out. Everyone gets paid out and the buyer with the clout gets the lucre to make incredible returns on..if PQ and friends want to do a reasonable deal here...not a greedy deal. I am wondering if Pierre (besides making a fortune ASAP) wants to insure a "legacy" for his son that he envisions him presiding over for a long time? If that is the case, it is faulty judgement in my opinion. They should all make a sensible deal, take the money and run. Leave the family fortune to young Q. That's what the managemet of Arequipa did...and they have never looked back. I fact, the are involved in some very delicious JPM exploratory projects today.

And here's a novel idea...this project could very well be a very nice flip for the right party who could camouflage it for a much larger party that would not deal with PQ or an OTC listed stock. Crazy? Maybe. I suspect a "cat and mouse" game is on with the cat/s merely toying with the mouse up to this time. The game of bluff is in full throttle. The cat/s think they have the mouse cornered and can take all the time they want to freeze him out...by way of boarding up his door, squeezing off much of the food supply ( just leaving him enough to have enough energy to squeel and run around a bit), protesting to all other cats and/or "mouse enablers" that the mouse is very puny and sickly, dishonest, has little food, cannot forage fot itself...and is no where near being worthy of being predated upon...and they pay good money to the crows to do so.

Of course the one or few cats that do this know full well that the mouse is sitting on the biggest, nearly accessible hunk of cheese around, has plenty of water, stays out of sight, taunts the cat/s...and wants a big payday with huge royalties and immunity from all cats. So the mouse waits and bemusedly wonders how soon other cats will show up willing to up the ante. Where is the Tom Cat of all Tom Cats? There are many, many out there. If only they knew. After all, we all have to realize that the playing field is far from level for the mouse at this point in time.

But let's say an anxious "Tom" made a lucrative offer. Is the mouse too greedy and out of touch now that nothing ensues but stalemate? Is he just too cocky by half? Does the mouse determine to go it alone..."build it and they will come"? But the mouse is getting old...and at this stage of life, life can end in a heartbeat. Then what happens? The mouse loses bigtime...as does his family. On the other hand the mouse knows that the pressure is building to the extreme for the cat/s as their food supply is dwindling to dangerously low levels as demand gorws and the competition becomes opaquely fierce. Some of the really big cats, like "Barry", are running out of food and need to make a move with more urgency for every day that goes by. They too, are slowly being cornered...but they feign otherwise. Their friends can print money after all....but not cheese.

We have all had stocks that went up fast and we never sold...only to see the stock get slammed down by predators; predators that wll freeze all the small guys out over time because they want the real reward that the stock holds. This game is also in transition now. The little guy most often loses and moves on....wishing he had sold the stock at ten times the present price. The old saying that markets can remain irrational longer than investers can remain solvent comes to mind. On the other hand, some of the biggest opportunities of a lifetime avail themselves exactly in such times...times when cycles change.

Its embarrassingly obvious that the constant "noise" around SFMI/GHDC is highly motivated to feverishly skim over the heart of the subject.... 1 billion tons of "thinly veiled" high grade, gold/silver mined ore sitting right on the surface; in the process of being proven up, "mill tested" via an owned modern mill with quick upside production capability; plus a major high grade deposit open to length and depth with 10 million oz. plus possibilities; plus all the data anyone could ever want....readily available, plus infrastructure in place; plus a developed mine for a base; plus,plus,plus. If one were to go back to square one, the huge and promising resources of the War Eagle mine and claims and mined ore, with no SFMI/GHDC development at all, if owned by a large concern, would be trading speculatively in the dollars. ...never mind the mill or commencing production.

The game of bluff and time moves along at a quickening pace nowwith each day shorter than the last. The pot is growing in value daily and it is huge. The Cat/s and the mouse each have two Aces up. The dealer is throwing down three cards down. A very big "Tom" is siding up to the table. The pressure grows.

Who are you betting on?