Oryx, I like you and I appreciate how tirelessly you defend SFMI. It is admirable. I see your side of the argument and understand it. I also understand the reality of todays market. Funding can dry up in an instant. We are in a liquidity crises the likes the world has never seen. Anything can happen and to ignore that fact could be catastrophic.
As bullish as I am I'm not ignoring the possibilities and I'm prepared for them. SFMI needs cash desperately. Millions upon millions to bring them to a producing Gold mine. That is the fact. Whether they currently have an investor funding them or not is not the issue. Capital is the issue. And as long as they need it anything can happen to cut it off or dry it up.
The tailings are not profitable. To be profitable they would have had to sell enough metal to recoup all of their expenditures for the mill and labor and business expenditures to date. When that happens then you can say the tailings are profitable. That day is not today. Nor tomorrow, nor next year, if ever...
Permit? What's the delay? If all you need is a permit to get to ALL THAT GOLD FLOWING IN THE TUNNEL and to finance your operation why are you not permitted to mine?
It's all happened before and it will all happen again. Might as well profit from it.