Waiting is easy once one acknowledges the WEM prize and are positioned to ride the SFMI ascent to a buy out price measured in dollars, not cents.
Financing has been pledged and the harvest of War Eagle Mountain [one of the highest historical mining reserves in continental U.S.] is assurred. It would seem logical to buy now while leverage is the greatest and sentiment islow. I love logic.
The more I read negative stuff ANYWHERE, the more shares I want. Why would anyone ANYWHERE bother to continually say bad and time consuming things about a doomed and hopeless stock?
And I am NOT specifically referring to any forum, just a general statement that needs to be noted. hmmmmm.....Clearview

500 shares = only $7.50 to move the mothership price way below both the bid and ask. Yes, I would agree that would be some temporary market maker signal ploy.
SFMI is also inactive today as all await details of Monday's capital injection by the consortium of institutional investors....possibly this week.
At some point we will all realize what we have here and I for one can't wait for those drills to turn.....Clearview

Yes, we know from previous company sources that SFMI will need $3-4 million to complete the cyanide curcuit, smelter, mill extention, vault, burn rate, and make a down payment to the waiting drilling contractor to get well into the drilling phase. The large Centurion LOC can not be used effectively until we are back in the teens with price. Any monies from sale of dore' will simply defray those costs.
Bottom line is that we now know there "consortium of institutional investors" committed to injecting capital" to that end. I would have liked the specifics, but this project towards a buyout is very much on track...no denying that.
This War Eagle Mountain SFMI asset wont come cheaply and will make all this dilution conjecture look like child's play ...Clearview.

Carmine, I agree! How odd for anyone to attack funding. The company need funds to carry out clearly outlined objectives. I have seen mania stages of PM share greed bubbles. Believe me, the number of shares outstanding meant very little.

No matter what positive transpires with SFMI, there will be a faction that down plays it for various reasons. That's just the way it is.

When you write clearly and openly, tht is the kind of consistency that is believable...much appreciated.

I too think we are close to more funding announcements because of the surge last week, but prefer to wait until/if announced before commenting, crowing, or assessing........Clearview

Some WRONGLY say that SFMI does not trade with the junior gold miners in general. A look at the GDXJ index shows it at 38 when SFMI reached $.15 last August and at 17 when SFMI bottomed in April/May.

This index is now headed up as sentiment has changed to more positive, and so has SFMI which has moved up over 100% from its low as the GDXJ is up from 17 to 21.

So while SFMI has been more volatile on both the way up and on the way down, you can bet your boots that it will shine with junior gold miners in general.

Another factor with SFMI is folks getting out to wait until they SEE the funding in place. Some of that [large Centurion LOC] is already in place. Now the price action over the last few days is saying that more funding is in place.

I have accumulated back many shares on weakness after having sold 40% of shares, bought at $.025 years ago, at $.38 on a pump and dump to $.45 more recently. I also sold some shares at $.27 as it had spiked into the Sept., 2010 shareholder meeting. I again recognized it for what it was and have been buying back since $.07 and under.

I sell strength and buy weakness on a longer term basis, not for pennies. This cycle I will RIDE SFMI to over $.50...watch and behold.

I have no control over what other folks post, but I can control my own conviction after having visited the mill site and mountain 3 times, talked for long periods with other large shareholders, and grilled SFMI management.

True, it isnt happening as quickly as I wanted...BUT IT IS HAPPENING! Any other view is simply misinformed or a false hope.
This post can and wll be challanged, but the bottom line is that I have my many shares, my dignity, and my conviction that SFMI is a steal at this stage and at this share price....respectfully, Clearview

Low volume and summer means lower stock price?...Hogwash!
PM share prices of majors are showing strong signs of bottoming and small miners cant be far behind.
As for low/no volume, that can just as easily portend a washout where any buying can double the price in 3 days.
And $.03 times 7.33 million shares = nearly $220,000...Clearview

Agreed...absolutely nothing there at bosom of WEM...no history of highly mineralized mining, no mill infrastructure, no sinker tunnel, no money, no smelter, no roads or trucks, no mineable grade tailings, no dore bars, no investment suitors, no permits, no mining claims, no engineers, geologists, or even bathrooms when we had the annual meeting there over the last 3 years.
I fact, progress has been so negligeble that it is amazing anyone need bother to critique here. Doesn't zero % of zero = zero?
My God! I own 7,200,000 shares of nothing!......Clearview

Yes, that is correct....this is why much doray was held in storage and not sent to the smelter 1st quarter, 2012. People seem to forget that ASSET APPRECIATION can replace and obscure income, but IS income not yet officially realized, and most folks tend to measure income only in terms of paper money rather than the physical asset growth.

There is little to be negative about at this point other than patience, and as I have stated many times, the reason to own SFMI is NOT about the mining of old tailings and dore bar smelting. That is simply a potential bonus.

The reason to own SFMI is about steady PROGERSS TOWARD PROVING UP THE MASSIVE RESOURCES IN WAR EAGLE MOUNTAIN. Large shareholders do not have the same doubts as seen be others.....Clearview

Hogwash! It also went from $.01 to $.42 by GOING UP! I was there and sold off a fourth at $.36-.39, then began buying again at $.12-.02. That is the ways longs can make relly big bucks....buy into all weakness so long as the key SFMI asset [WEM] remains viable, and selling a portion on spikes that were overstated and in short time duration.
While the previous unreasonable spike may have been an unsightly "pump and dump", it still happened, and at a time when SFMI had nowhere near the structure as today. I will be aboard with 200% MORE stock this time, and any expected "pumps and dumps" will be much less volatile from henceforth.
This is because something highly fundamental is about to change. SFMI will soon be proving up known and very high grade reserves, and the funding "assurrance" [with net worth of $350 million] just formed an SFMI "Advisory Board Committee" to work with "SFMI's Board and Officers" in this regard......duh!.........Clearview

Great delivery, Whazoo!

With a $100K CD now offering a 2% return, that 28% in added value to SFMI just looks TERRIBLE, doesn't it!
And who knows? Perhaps the share price might even reflect that 28% some day soon, and "Wham bam, thank you mam", she is back over $.04.

It's like getting an $10 hamburger and fries for $7.20. I am a buyer again today.

I wonder if Al Simon is forming that financial advisory board to play checkers!...hmmm...probably bought the game set for 28% off....Clearview

That is a real spin. A guy with over $300 million net worth comes on board as a stockholder...one business success after another, and we are to believe that is a negative??? The assertions of SFMI's demise have obviously been greatly exaggerated.
Perhaps some here need to contact Mr. Simon and tell him what an uncessfull fool he is...that would be woth recording....Clearview

Yet more hogwash! Backing and filling will be the mantra, then lift off! There was a total of 1 million shares traded after Friday close and before open today...call it fund raising.
I tried my best to get that $.01 that was promised, but had to settle for $.04...Oh my gosh! That is GREEN and UP nearly 10%. And perhaps it was me getting all that good stuff around $.037. Who knows? I'm a buyer, not a doubter.
Yes, there could still be backing and filling as I want more, but when this thing begins to move up for good, it will somehow get very quiet among the constant doubting.....Clearview

"$.01 SFMI"...Hogwash! No one really believes that...and for the record, SFMI IS legitimate. I know because I have been to the mill 3 times and to WEM and the sinker tunnel twice.
What I saw was no mirage. And that $.01 wish doesnt scare me at all. I'll gladly pay $.04 with every spare dollar that comes along and that's a historical fact by example.
I am telling it like it is, not like some want it to seem. SFMI has had growing pains like all start up miners, but they have a major league resource in War Eagle Mountain. And a major $$$ infusion is near...plus the $7.3 million Centurion LOC will be used at a higher price. The funding for mining the sinker tunnel IS at hand and the 43-101 will bloom the 4 major veins which are several feet wide and run for up to a mile each.
Yes, SFMI is MORE than legitimate. It is being groomed for a major buy out very possibly THIS year. Time to stop focusing on all the start up frustrations.The main event has yet to start but is very close. One must have tickets to any main event!.....clearview

Nonsense....someone wanted 4200 shares and bought them....brokers dont paint with 4200 share blocks. Yesterday was left at the bid in the red. It happens both ways you know. It finished green today because it finished green today.....so confusing that some seem so disappointed at such, when in fact SFMI is an small emerging miner with a monster property....now we're talking big $$$ green! Clearview [and getting clearer]

NONSENSE! Gold to rise $250-300 from mid March, Ides of March low.

This from Clearview no minutes ago....glad to help you out and fairly balance the implication for SFMI....Clearview

Duh! Check your calander. Early spring could as soon as tomorrow.
This is a good thing and Walker is a good thing. What's to not like about it.
Yes, we are waiting for some hard numbers abd BOD change announcement, but there is no way this PR is a bad one...no way......Clearview

"lost in that spread?"......not if the MMs are gearing to take her up. And it's not price painting unless it goes against your predictions. I am certainly encouraged...and doesnt hurt a bit to see $37K added to my SFMI value today.
Hoping SFMI will drop to $.02 is like ice fishing in Death Vally.
This late day shrinking of the sell share to buy share ratio hints of a possible a trend change... news soon and up she goes....enjoy the ride and please don't hide....Clearview.

Wrong again! You reported the wrong numbers in your statement. The SFMI rise was from $.037 to .053, NOT from .045 to .053 as you asserted.

As for the decline from $.45, you forgot to state that there was also a RISE from $.02 to .45. Some of us made a lot of money on that rise.

So, the technical view for SFMI is much better when the correct numbers are used........Clearview

Mont20...all the emerging steps as per SFMI drilling in WEM have been duly reported. You make speculations very easily, so perhaps you would be kind enough to speculate as to why and how the share price rose 43% in 3 days?

Thanks....Clearview

Ebo...companies need have good associations with ALL market makers. For months the MMs have been accumulating shares from weak hands and either distributing to preferred clients or sqirreling them away...likely both....all the while waiting for the right time to join in when price moves up.

The SFMI move from $.037 to .053 [43%] in 3 days might well be indicative of some impending news releases with MEAT. Yes, despite the fears of some, there really IS a LOT of meat with SFMI and the odds for a good press release next week have now moved up to over 90%.

There could be any one of 5-7 areas to update....or a cluster report. There was allegedly a meaningful board meeting last week followed by a trip to our Florida refiner early this week....to change board members?....to see results of a large dore' shipment? ...to show interested parties the large shipment post refining results?

I usually dismiss rumors...EXCEPT when the stock moves up for no known reason. Could we finally be at the disclosure stage and the end of the accumulation stage? We saw a similar move a few weeks ago, so I would want to see a weekly close over $.07 to indicate a quick move to $.10......next Tuesday-Thursday will be interesting and hopefully satisfy and silence all doubting entities...Clearview

Lucky indeed! SFMI using its upsized smelter for outside customer business could easily bring in $25 million/year....this in addition to tailings and certain to come mining income. Does anyone really believe the mill has gone idle and that new smelter won't be put in higher production ASAP?
And should any more large block of spooked shares show up for sale under .038, we are eagerly waiting.
Think about where gold and silver are going over the next few years, and that there are very few known major gold depositis in the continental USA.
Those 2 facts alone will make up for a lot of small SFMI management gaafs. I choose the bigger and clearer view of destiny here and the incredible upside leverage......Clearview

And I disagree with the disagreements. Three years and three shareholder meetings and three million shares makes me the dilligent one, and the rotating late comers who disagree routinely on cue have some here wondering how they could become experts so quickly.

Thanks for the 250K shares today near $.04...hopefully we can add a bunch more tomorrow. We are beginning to see the same mining share dynamics and environment as in the latter 1970s when even the turkeys flew, and SFMI is no turkey. War Eagle Mountain is very possibly the most mineralized gold and silver pocket remaining in the continental United States. This company offers great upside potential for the estute and patient investor. Why dismiss it so readily? Why indeed?........Clearview

Actually, the news showed clear progrss on SEVEN FRONTS:
[1] Dore' sale revenue to exceed mill expenditures.
[2] Dore'shipments to refiner getting larger and timed to be enhanced by gold price rise.
[3] Smelter progress and its coming additional revenue stream from private smelting service contracts.
[4] Sinker tunnel preparation, drilling plan, and 43-101 targets.
[5] Improved milling and precious metals recovery with additional mill circuit equipment.
[6] Austere cost controls and increased production assays for 2012.
[7] New directors board members to be announced soon.

With some 5100 shareholders and a large negative faction at posting boards, sentiment still wanes and selling results. The 3 million shares today were pretty well absorbed with the stock down about half a penny.

The PR I saw today has me more positive with the viability of SFMI than ever, and hints that the presentation phase at the mill for big investors is over...a selection and deal having been sealed.
So while many of you folks are focusing on share price and doubt, I see the environment [with gold/silver surging and progress at the mill/War Eagle Mtn] very compelling indeed....and after 3 years of steady acculumulation, my money and mindset reside at the same place! ...pic

What if SFMI has been holding off on releasing information so as to have time acquire more claims, pile up doray bars with which to impress visiting suiters/investors, and to keep the share price down for accumulation? What if he bag holders are about to be vindicated and the detractors foiled yet again?

Quite frankly, that is where the dots are connecting for this writer. There was a pseudo sell off just before the thrust from $.04-.07, and that has just occurred again. I try to stay focused on the known prize [the harvesting War Eagle Mountain], and not the twisted and slow course that takes me there. "Build it and they will come".

If I have assessed this correctly, we will have a series of news releases in February. In fact it is February at this moment in Houston. The first leg was from about $.04-.07, and the next up leg should be from about $.05 to .08. This would signal even to the doubters that a new paradigm is at hand......Clearview

Actually, 1 million shares also BOUGHT just after the close....word is that there is some estate liquidation at hand due to the death of a shareholder. Hmmmm...I wonder who got that 1 million shares? and for only $45K. Perhaps someone with a clear picture of the inevidibility of this company was involved.
Lets see...from $.035 to .07 to .045, a 2/3 correction of the initial surge, and support between $.045-.05...hmmmm...Clearview

SFMI VALUE just went up dramatically! FED statement last hour was wildly bullish as QE-3 all but announced, and FED will artificially hold interest rate low for 3 more years [they will try]. Gold has risen $50 off its low, and silver up $1.75 off its low. SFMI will respond to such a stimumus this week after this round of accumulation ends.
SFMI could easily come up flying out of here this afternoon. I am raising $20K as we speak to buy SFMI and mother at the ask price. Precious metals and PM shares will be the go to place this year. If anyone doesnt think SFMI is insanely undervalued, then their math is highly suspect...good luck all....lot's of news coming out over next 6 weeks....get those long positions soon....Clearview

"50% SFMI pullback"...yes, and quick! Even if you begin at the effective .046 low 7 trading days ago, and include the pullback to .056, you get a quick near 50% retrace...VERY BULLISH FOR SFMI IF WE CLOSE IN THE UPPER 3RD OF TODAY'S TRADING RANGE!

We are at a mid day SFMI lull, but if sellers [short term profit takers?] have exhausted, then we could end up green by day's end.

Europe is suddenly "fixed" with temporary funding [ha!] and all assets are having a party as the EURO surges and the $US tanks. Gold and silver were due to correct into Friday, but gold only fell $15 from yesterday's high before heading back up.

SFMI's retrace was incorrectly touted as a collapse by a few here who seem to be perna-bears, but it gave me the opportunity to add a bit more under .06.....Clerview

Is that why it closed 34% above today's low which, by the way, was at the open???...Clearview

I am still long and strong as well...added 50K more SFMI at ave. $.04 today. Today's big 1.5 million share volume with a scary dip down to .038 area may signal the low if we close above .$045.

Management witholding of information [1] for stated security reasons [doray transfer to new smelter vault] and [2] stealthly addition of claims are what they are. It has been painful for longs who know the unproven value, but sentiment is very low and market markers are having a ball sopping up all the weak handed capitulations in a big gold and silver retrace that ended today?

I have been moaning and whining for months with many others, BUT BUYING MORE AND MORE! From $04 to .08 is a $250K realization for this writer.

All in all, the plan is to watch her rise in January and see how far how fast.....Clearview

With all due respect, I AM in my "golden years", and I know what I am seeing here....unbelievable leverage to the upside with a likely buy out for 2012.
I made my money in the late 70s and early 80s and 2001-2006, and believe me, shares outstanding meant little as there were not enough mining shares to satisfy public mania and greed. This cycle is coming again next year and SFMI has survived being starved out like so many others. And they have arguably the most mineralized untapped zone in the country.
I NEVER made those millions not being patient.....all this scary dilution talk really make a wise old fellow grin......Clearview

"lucretive revenue producing opportunities to utilize this capacity in becoming a CONTRACTED SMELTER FACILITY". WOW! This means SFMI can smelt for other companies as well if they choose...yet ANOTHER revenue producing stream!

I clearly see the above in the PR, but NO REFERENCE TO TAPPING THE CENTURIAN LOC. I wouldnt mind if they did with all the revenue coming for next year.

And good for RK in speaking on behalf of many here.

Some are befuddled because continued great news is not being translated into higher share price, and I suspect that irritant is the source of some negative things said here.
That is a fair concern so long as statements are not false.

When all is in place, the waiting investors will ignite SFMI, and the LOC will have nothing to do with that...happy holidys....Clearview

"MUCH better alternatives"....please share them with those of us researching, following progress, and accummulating SFMI for several years. If there is a better mineral resource than War Eagle Mountain, then I would certainly like to know.

And what isnt right? A first class mill was built in a bit over a year and buy out bids will be coming by mid year.

Please qualify what you say. This is he best leveraged investment I have seen in 30 years...Clearview

It seems there was a post here last week by an accumulator who said he was "already in the green"? Imperial Whazoo perhaps should check with him to learn how it's done sucessfully...Clearview

"turn around and sell 87 million shares"???....When did they do that? Please show us when SFMI did that!

The Centurion LOC is rainy day backup credit line, and SFMI will decide when, if, and how much is ever put to Centurian.

PLEASE GET YOUR FACTS STRAIGHT. There has been no sale of stock with this deal AND VERY POSSIBLY WILL NOT BE.

And you agree with someone else who believes this? Please explain how this can be. For gosh sake, take the time to read and understand the Centurian LOC....this isnt rocket science....Clearview

Readers here need do do themselves justice and READ AGAIN Imperial Whazoo's honest assessment of the non-dilutive line of credit with Centurion.

We simply do not know when or to what extent it will be used,
With $3 million plus of doray bars being STOCKPILED, a new super smelter coming on line, 1-2 more doray shipments before year end, and a January 43-101 proving up a segment of WEM, selling on this Centurian deal makes little sense except for the confused or the anti SFMI faction.

For gosh sakes...SFMI now has more than ample funding to reap the massive bounty of War Eagle Mountain. That is the bottom line.

This deal with Centurion is essentially NON-DILUTIVE, no matter what else is presented as fact here. Read the darn thing closely. The extent that SFMI might "put" shares to Centurion, at what time, and at what price is simple not set in stone. It is a great deal which compliments the increasing doray bars sale to our refiner, Republic.

If there is confusion and early weakness tomorrow, I will buy with both fists......Clearview

Well, SFMI needs to announce that they have $3 plus million in doray bars in house! That needs be done SOON!....pic

...glad to hear some are now low keying trade cheerleading that as is it is a change for the better. I have purchased 430,000 SFMI/GHDC between .053-.058 recently and also dont feel the need to praise myself. Just buy on any 10% pullback and wait. Green will appear at some point soon.
Those expecting $.035-.05 are seeing those odds dissipate.
I was set to buy at .059 today, but the ask suddenly dropped to .056....someone either stupid or price being contained to accomodate inside accumulators.
There is a myriad of positive news bits pending, but being held. Why? Well, a funding announcement or 2 would make all the information witholding suddenly clear.....Clearview

Yes....a loss of 250% as you have repeatedly informed us. Only problem is one can never lose more than 100% of anything, and no loss can be realized until selling occurs.
Hopes this helps all to assess your posts....Clearview

Yes dcbass, I have tried several times to inform here that there would likely be an SFMI small test run with Republic, and 167 ounces is not enough income to bother reporting, but this does clear the path to continue converting the 10 tonnes [22,000 llbs] of concentrate into dore, so you do the math.
There is simply no way to minimize this amount of stockpiled dore that will hit the refiner before year end at $1800+ gold and $35+ plus silver.
And there were other positive disclosures in the PR...OTCBB confirmaton and share buy back intent.
The stock should generally build from here into the January initial 43-101 report.....Clerview.

Well, there is one "streak" I can help identify.

From SFMI $.06 to $.42 is a 7 bagger which is 600% gain.
From $.42 back to $.06 is a $.36 drop divided by $.42 = 85.7%.
NO DROP FROM ANYWHERE TO ANYWHERE CAN BE MORE THAN 100%.

Math going up is very different from math going down as some here need to learn. If a stock drops 50%, you need a 100% gain to get back your money. Note that 50% and 100% are DIFFERENT numbers!

Next week SFMI will surely get a check and report on the small amount of dore sent in for a test refinery run. My best guess is that this small shipment was sold around gold $1700 and silver $34.

They are still hording several thousand dore ounces in anticipation of gold running back towards $1900-2000 by year end and silver back to $40-45. They are surely wanting fair value for the test shipment and all the remaining dore be shipped by mid December to get max income for 4th quarter.

So, for this poster, the dollar amount for his shipment should be smallish. IT IS THE AMOUNT TO BE SHIPPED THAT TELLS THE STORY....that and other announcements about OTCBB, progress at the mill, and 43-101 progress.
The selling at these low prices is frustrating and illogical, but it is what it is....and at least the math makes sense.
...good luck...hope this is helpful....Clearview