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Message: Felllow investors....

You probably don't know, but it was you and bigpic's discussion about Silver Falocon on the old ECU board in 2009 that pointed me in the direction of this stock. I bought in begining in July '09 at $.029. some more a little later at $.018 and then a little later at $.05. I bought because of what I discovered through DD and also because I had come to respect yours and bigpic's perspective over a long period of time. So I had accumulated 300,000 shares over that period of time. In April of 2010 I sold 50,000 shares at $.14 and got most of my money back. In May I sold 20,000 shares at $.42 and was a happy camper. I was singing your praises, even though you couldn't hear me and I said nothing on the board. All of this was heady for me, a small investor. The story of this company was clearly, in my view, nothing but positive.

Then the price started its decline, but to me it was no big deal because I had started investing in gold stocks in 2000. I even dabbled a little bit in the 1980's and lost a lot when the gold company I bought into back then went bankrupt. Three or 4 of my stocks really did well but many didn't in the 2000 to 2012 period. But this company was my jewel, in my opinion. I have even attended the last three annual meetings of GHDC and SFMI. I had never done that before.

The price decline over these past two plus years has been bumpy and if I wasn't so enamored with their story, I would have sold a lot over this period, but I never sold, in fact I bought a lot more and bought into GHDC too. I now own more than I should. I have invested about 50-50 in each now.

I have of course been disappointed with how the story of carrying the cost of exploration through exploiting the waste material left in the late 1800,s began to unravel. There were always reasons, but none the less, no real revenue.

By attending the annual meetings, I was kept enthused about the company because I saw real physical progress, plus I got to meet the owners, managers and began to trust and believe in their continued though changing story. But I must admit, I was shaken by two major occurances. One was the very large payment to themselves of stock by PQ and family, and 2nd, by your "jumping ship" last year. I read what you have said over this past year, and I take it with great seriousness and place great value on your comments. But even with those two very big alarms, I still maintained my confidence in the basic story of this company and of the management. Even with the flaws. I have owned a farming company, and I know things often don't go as planned, circumstances change, and you have to change with it. If you don't, you go down. That seemed to me what PQ and son etc have done, changed with the circumstances. The fact that this company has survived what it has gone through and even is on the verge of thriving, to me is almost miraculous. The stress of not having financing to do what you know you need to do to prosper, or enough to even survive can be overwheming. But they have done it (so far).

Now the point of this epistle. Your most recent message is really encouraging, and to me is spot on. I certainly won't make as much profit as I originally planned with my original investment, but looking at what our situation is right now, and if I had in cash what my investment in this company is instead of the stock, I would put it right back into SFMI and GHDC. I could be totally wrong but I don't think so.

If I had played this investment differently I could be very well off by now. I didn't, so the question is what do I do now. I take full responsibility for my own actions, but your current message sure helps me hold the course so I'm holding tight and might even buy additional if possible. My average price right now is probably $.09 or $.10 in SFMI and less than that for GHDC. We'll see how this all turns out

One last note of caution to myself is with Obama's reelection, his OSHA and EPA and anti- business administration are potentially our greatest danger.

Thanks, Calfarmer

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