>>Pennies to dollars for your thoughts all you intellignet SFMI longs.<<

I think everyone here knows my thoughts already! But to summarize-

We all know the resources on War Eagle. No question. The above ground ore provided a unique opportunity- If SFMI could build a mill and get to production, they could short circuit most all of the usual steps a startup takes to get to production- fundraising, exploration, dilution, permits, 43-101, feasibility study, more dilution, road and mine construction, mill permitting and construction, etc. All SFMI had to do was build the mill and start processing the available ore. Because the ore is so rich, even a small mill would be enough to finance everything else once production began.

SFMI got to production. There were some missteps (Melba), but it was actually remarkably quick and cheap compared to most junior explorers who have more debt and more shares long before they even get to production- if they ever do. One great benefit of this is that SFMI never became beholden to the banks or got into any "death-spiral" financing. From what I see, all the investors and financiers are people who believe in SFMI and want it to succeed, not to short it to death and cover with warrants.

So the market, which didn't "participate", and didn't see the expected series of steps, is skeptical. In addition, PQ et al. have no mining cred. Every step has been met with "I'll believe it when they start making money". Well, now is that time. As soon as SFMI announces the numbers that will irrefutably demonstrate just how much money they are going to be making, the sp will make up for all of those rises that didn't occur when SFMI skipped all those steps. And I think again that we all have at least some idea of what that rise in sp will be.