Just a thought, if SFMI is buying back their shares at this low price to retire and reduce(to a point) further dilution, this could offset any shares issued to contractors. Positive revenues (I believe) were generated from the refinery (one of both) for the months of Oct-Nov-Dec of 2011. CEO stated that 15% of revenues would be used to buy-back shares. Later this month, as stated by our last Overview (2 Feb 2012) we should get some figures on the # of shares bought-back, along with $$$ generated per month and the # of grams of stockpiled DORE BARS in the vault. Yes, I think the vault is complete. The design changes for the smelter/lab should have no impact for the completion of the vault. Management is very cloudy on the statues of the vault, there probably a ton of gold being stored but the same excuses of security reasons and safety of employees keep the shareholders in the dark. All should be revealed soon. Another issue to bring up, WHERE IS OUR MARKET MAKER FOR SFMI, New to the Street is a waste of time(no exposure) Gold Fever Show (limited exposure) , we need a trading house that promotes our stock to the public (Management can compensate this platform) even before filling the 43-101 which is being delayed again. RK needs to explain to PQ the importance issues of exposure to the public (new shareholders) and to report hard facts to the shareholders not piece mill information that means nothing. done for now