Because they need to do this one thing first..... be a mill first.
They need to do this one thing well. Be a finely run, modern, low cost mill first.
Then... THEN..... only then.... do the other things. Thats what I've been saying allalong.
They have the absolutely incredible position that is totally unique: they can finance their own future to a degree that no other JPM company can even contemplate.
They can be self financing to the greatest degree I have ever had the privilidge to have observed. Some companies are partially self-financing... royaly companies, for example, or companies who generate income via a division that sells its services as acontract driller. SFMI has a far greater potential income stream thatn either a royalty model or a drilling contractor model. They have 800,000 tons of above ground rock, and these piles of rock have a "provinence", as it were, that is credible.
The abundant historical records give legitimacy to the expectation that these piles will be remarkable rich sources of gold and silver.
Simple as that.
Any time spent scrutinizing any set of other developmental JPM companies can't but force the obvious conclusion that it is a fact of life that, to go towards 43-101's and drilling programs, they have to cannibalize thier asset and place it in the hands of outside parties, progressively.
And the deals they have to cut with these outside parties favor the outside parties.
SFMI does not have to do this.
By sticking to their knitting and having a unitary focus, they can generate the success they need without having to mortgage their future to finance the present.
As such, activities other than focused activites are unadvisable at this early stage.
I can and do see the reasoning behind eventual 43-101 & drilling programs. I do not see that it is a priority at this time.
To everything, there is a proper time and a proper order. The proper order o this little company, that has a unique advantage, is to leverage that advantage to the absolute max.
After they have strengthened their hand, they can progress towards what other companies have to do. Others have to sell their souls to gamble on the hoped for. SFMI does not.
Play the strong hand the strong way. It has been dealt to you. You have been uniquely advantaged. Go do the other things later.
Just my opinion, but I'm not persuadable otherwise.
Simple as that.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."