You must be kidding?

"The problem that concerns me about SFMI is the build up of debt and dilution."

SFMI has under $5M debt, a phenomenally low amount for a startup having gotten to production. The first three shipments of 1500 oz 65% Au dore should cover the debt, and there should be at least two, maybe three shipments by the end of the year. And smelting of the year and a half backlog of concentrate continues. Meanwhile, they are still producing, and at least doubling the mill capacity. Why do you think they are building a bigger smelter? Production and revenue should come close to meeting, if not exceeding, expenses after the mill capacity is expanded- so dilution will certainly slow, if not end. And then there's the share buyback program.