What will unlock the pps for SFMI is revenue and profit, plain and simple. If you're a junior explorer, the reputation of management has a huge effect on the pps. Once you're producing, it's revenue and performance. If SFMI can produce numbers showing that they will process 100 tpd at 2.5 oz/t and net back $1150/t, that's over $100M/yr. We should be getting numbers to support those projections very soon. That will punch up the sp immediately. Even with 15% to GHDC and $12M for expenses and $12M for development (spread out over a year, of course, not due immediately), that's still over $60M left- 4X GHDC's share. Subtract another $15M for share buyback, and we're still at 3X GHDC but with fewer (and decreasing) shares than before. Any increase in tpd or grade will make the administrative and developmental expenses less significant, and increase the SFMI:GHDC multiple.

So for the known situation, especially near term, SFMI is the bigger revenue generator. The wild card here, of course, is what GHDC does outside the known box. What will happen, and when? Will it be big enough to slingshot GHDC past SFMI? Should be interesting to watch...