Great insight, Sinbob. You are entirely correct that the upside potential with sfmi remains extremely high. The downside is here and now as pic has addressed. The gold and silver markets are completely disconnected from reality but when that adjustment is made, over valuations in the pm sector will become the norm.
Until then we grin and bear it. IMO mgmt is focused on their game plan, which includes drilling THIS YEAR. Whatever you do, don't sell at these prices. I feel for anyone forced to sell due to personal financial issues. But selling as a result of throwing in the towel would be a monumental mistake. JMO. But I'm right. ;)